INSUBCONTINENT EXCLUSIVE:
Mohammad Riaz Uddin of the American University of Beirut wrote in a research paper
trades as market signals recently
she got from media outlets
On average, when classified by awards won, stock purchases by relatively unknown insiders were followed by a return of 6.4% for company
so-called opportunistic and routine trades, the former meant to exploit information and the latter executed over a preset time, often for
the purposes of liquidity
The authors found that non-star CEOs place more opportunistic trades than their high profile peers.
Why? For one, because people pay so much