“Evidence suggests that insiders tend to act far in advance of expected news. They do this in part to avoid the appearance of illegal insider trading. A study by academics at Pennsylvania State and Michigan State contends that insider activity precedes specific company news by as long as two years before the eventual disclosure of the news.”
First, they would also need proof that she knew a deal would materialize. Maybe’s wouldn’t be enough to be considered insider trading/knowledge imo.
I have a feeling no huge deals are materializing by eoy, we will see. They will make moves when it’s right for them. It was an “internal goal of six states” not a guarantee.
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