Free country, and as long as his board doesn't see it as a problem he can say what he wants provided it isn't outright manipulation along the lines of "going private at $420."
The SEC would have a very hard time proving stock manipulation. CEOs say stuff all the time.
"Our guidance for this quarter is not good due to supply chain issues."
Stock price drops, CEO buys up stock, company has a better quarter than expected, stock prices goes up. Is that manipulation? Tough to say. Did the CEO know they would do better?
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