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I looked up the claim that Powell traded on the day of the meeting of Dec 11, 2019. And I don’t know if this data is available and I’m certainly not an expert,
by thawaya3113 5y ago
I looked up the claim that Powell traded on the day of the meeting of Dec 11, 2019.
And I don’t know if this data is available and I’m certainly not an expert, but the statement of that meeting (which was a Dec 10-11, 2019 meeting) was to be released at 2pm EST.
Which still gives at least 2 hours for market close.
Considering he would have had blackout dates for 10 days prior, it’s completely natural for there to have been a string of transaction activity right after the meeting.
Now, the transaction calendar doesn’t give a time, so if the transactions were made at 9AM that might be bad (although if that’s the case why did he wait till the second day of the meeting).
In addition, the transactions were made by the Family Trust (it’s not clear if this is a blind trust or not, however).
- throwthere 5y agoThanks for looking it up— sounds totally innocuous. It’s pretty common to see this type of activity after board meetings to avoid insider trading allegations. In my mind it raises a question that the meetings occur and are announced during trading hours (as opposed to releases made after trading hours). Which would give an information advantage to insiders trading the day of because it takes time to digest all the data in the release and form an opinion. Not saying that’s happening just that a same day trade after an announcement could theoretically be advantaged.