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Posted On: 11/04/2020 1:23:21 PM
Post# of 151693
Let's not confuse insider ownership (generally a very good thing) with insider trading.
Insider trading is illegal - it involves the purchase or sale of securities on the basis of material, nonpublic information.
An insider buying up a large block of shares would indicate one of two things:
1. Confidence in the longer-term prospects of the company and its share price;
2. Knowledge of a near-term catalyst that will affect the stock price, and either ignorance of the law or overt illegal behavior.
I fully expect it is number 1 here. Which is great to see. An insider with faith in the long-term prospects of the company and its share price. Not expecting any huge news on Thursday though, at least not based on this insider purchase.
Insider trading is illegal - it involves the purchase or sale of securities on the basis of material, nonpublic information.
An insider buying up a large block of shares would indicate one of two things:
1. Confidence in the longer-term prospects of the company and its share price;
2. Knowledge of a near-term catalyst that will affect the stock price, and either ignorance of the law or overt illegal behavior.
I fully expect it is number 1 here. Which is great to see. An insider with faith in the long-term prospects of the company and its share price. Not expecting any huge news on Thursday though, at least not based on this insider purchase.
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