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What to make of Pfizer, Moderna insiders dumping stock? February 18, 2021 Insiders at Pfizer, Moderna, and other COVID-19 vaccine makers were sellers of their company s stock. Moderna executives sold $321 million worth of shares while Pfizer CEO Bourla sold 60% of his stake. Experts agree there isn t anything illegal with this action. Insiders at Pfizer Inc. (NYSE: PFE) and Moderna Inc (NASDAQ: MRNA) and other COVID-19 vaccine makers collectively sold nearly half a billion dollars worth of their stock but one pro isn’t alarmed by the trend, The Wall Street Journal reported. What are insider trades? Whenever a high-ranking executive at a public company buys or sells their company’s stock, the transaction has to be reported to the public. There is nothing illegal or nefarious about these purchases, provided the action wasn’t based on information or knowledge not known to the public. ....
SEC chief Jay Clayton says he is nervously eyeing retail-driven euphoria in the stock market Emily GraffeoDec 18, 2020, 21:00 IST FILE PHOTO: Jay Clayton, Chairman of the U.S. Securities and Exchange Commission, speaks at the Economic Club of New York luncheon in New York CityReuters Chairman of the Securities and Exchange Commission Jay Clayton told CNBC on Thursday he s concerned about stock market euphoria stemming from retail investors. When stocks run away. we do get concerned because it is a situation where professional investors understand this, I do worry that retail investors do not understand that trees don t grow to the sky, Clayton added. ....
SEC chief Clayton sees retail-driven euphoria in the stock market businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.