Quote:
Originally Posted by JohnnyB
I had been wondering why it was that Phizer just announced their vaccine news the weekend following the election of Biden, despite them already having manufactured a large amount of the vaccine and prepared delivery supply chains for it. Turns out the CEO had a planned stock sale since back in August, selling off 130,000 shares, and timed the announcement to take advantage of the surge in price along with a few other senior execs. Still, interesting choices involved in the planning of the timing for the stock sale and announcement to happen just after the election in the US.
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Sounds like insider trading.