XpresSpa Group Inc (XSPA)

[xlt leader]

Sorry that is not true , there are plenty of leaks Dell moved before an announcement so did Heinz... I could name many more

The government accused SAC Capital Advisors LP of presiding over a culture where employees flouted the law and were encouraged to tap their personal networks of contacts for inside information about publicly traded companies.

The result was "insider trading that was substantial, pervasive and on a scale without known precedent in the hedge fund industry," the indictment said.

Informed investors start accumulating positions well before the retail masses get wind of it. It is impossible to have tight info there are so many people involved. Smaller companies are easier to get knowledge of takeovers than larger because compliance is not as robust.

Here is a page from the SEC on recent cases look at the number ...

http://www.sec.gov/spotlight/insidertrading/cases.shtml

A couple of examples:

Hedge Fund Analyst and Two Others – SEC charged a California-based hedge fund analyst with insider trading in advance of a merger of two technology companies based on nonpublic information he received from an executive at one of the companies. The executive and another trader also were charged in the $29 million
scheme. (3/26/13

Suspected Insider Trading in Heinz Stock – SEC obtained an emergency court order to freeze assets in a Swiss-based trading account used to reap more than $1.7 million from trading in advance of a public announcement about the acquisition of H.J. Heinz Company. (2/24/13)

Thailand-Based Trader – SEC charged Badin Rungruangnavarat and obtained an emergency court order to freeze more than $3 million in profits he made from insider trading in advance of a Smithfield Foods acquisition announcement. (6/5/13)