Asked by Emmanuella Dickson on May 01, 2024
Verified
Jaffe found that stock prices ________ after insiders intensively bought shares and ________ after insiders intensively sold shares.
A) decreased; decreased
B) decreased; increased
C) increased; decreased
D) increased; increased
Stock Prices
The cost of purchasing a share of a company, which fluctuates based on market conditions and company performance.
Insiders
Individuals or entities that have access to non-public, material information about a company, often corporate officers, directors, or significant shareholders.
- Interpret empirical studies on market anomalies and insider trading.
Verified Answer
ZK
Zybrea KnightMay 07, 2024
Final Answer :
C
Explanation :
According to Jaffe's findings, stock prices increased after insiders intensively bought shares and decreased after insiders intensively sold shares.
Learning Objectives
- Interpret empirical studies on market anomalies and insider trading.
Related questions
Most Tests of Semistrong Efficiency Are ________ ...
Which of the Following Is Defined as the Use of ...
Federico Works as a Senior Accountant at Martinez Inc ...
Gunnar and His Brother Henrik Were Directors, Officers and Each ...
A Financial Intermediary Who, Through Deceit or Fraudulent Means, Affects ...