"Professor Seyhun argues, insider sales need to be weighed according to whether they occur immediately after the exercise of an option. In unpublished research, he has done just that. And he has taken into account other factors he has found to be important in interpreting insider behavior. These include the type of insider who made the transaction, the size of the transaction, and whether it occurred in the context of a rising or falling stock price..."
Monday, August 13, 2007
The Insiders Aren’t So Bearish, After All - New York Times
The Insiders Aren’t So Bearish, After All - New York Times: