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re: Is a company buying back its stock not insider trading?
Posted on 12/12/12 at 9:40 am to Swoopin
Posted on 12/12/12 at 9:40 am to Swoopin
It's my understanding that the buy backs are not considered insider trading and are legal because the companies announce in advance of the buy backs that they plan on doing so.
So the information about the buy backs is publicly available.
So the information about the buy backs is publicly available.
Posted on 12/12/12 at 10:36 am to LSURussian
Posted on 12/13/12 at 2:38 am to LSURussian
quote:this. i dont think they technically have to announce it, but when the buy order is put out it's made public. As long as everyone knows about it, it's not inside information, it's just used as an indicator for the relative strength of the company. plus there are a ton of timing and quantity restrictions to prevent price manipulations like pump and dumps as well.
not considered insider trading and are legal because the companies announce in advance of the buy backs that they plan on doing so.
This post was edited on 12/13/12 at 2:49 am
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