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Yes. From [Investopedia][1]: > Insider trading involves trading in a public company's stock by someone who has non-public, material information about that stoc
by montagg 6y ago
Yes. From [Investopedia][1]:
> Insider trading involves trading in a public company's stock by someone who has non-public, material information about that stock for any reason.
[1]: https://www.investopedia.com/terms/i/insidertrading.asp https://www.investopedia.com/terms/i/insidertrading.asp)
- IfOnlyYouKnew 6y ago...and has a duty to the company to keep such information secret. If you’re an employee, you can’t trade on it. Same if you work at the accountancy that does the company’s financials. If, however, you hear some employees talking about it in public, it’s fair game. Or if you notice Facebook hiring lots of people with expertise in live audio broadcasting.
- alasdair_ 6y agoIt's not quite that simple. If you were in a café and overheard the CEO of some company telling someone else that next quarter will be fantastic, that's non-public material information but you have no duty to keep it secret.
- kortilla 6y agoThat’s incorrect. If you overhear a CEO complaining to someone about how terrible they are doing that quarter, you can absolutely trade on that. If you’re an expert in deriving sales from Bluetooth beacon data you have not available to the public, you can use that to trade as well.