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It does not tell us anything special about insider trades.
Their main argument is that insider trades reveal information to the market.
In either case, fewer insider trades will occur during blackout periods when institutional ownership is higher.
We show that the magnitude of such gains on reported insider trades is moderate.
Why would investment horizons matter in interpreting the information conveyed by insider trades?
Conversely, even small percentage returns may lead to high profits if an insider trades large amounts or trades frequently.
Similar(6)
insider trading.
An insider trading crackdown.
Insider trading is rampant.
Insider trading is cheating.
Not for insider trading.
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