Insider Trading

Essay specific features

 

Issue:

Business

 

Written by:

Jennifer D

 

Date added:

May 1, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1070

 

Was viewed:

9659 times

 

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Essay content:

Stewart's companion, Sam Waksal, was also the chief executive of IMClone Systems Inc. IMClone Systems is a well-known company specializing in the research and development of therapies treatments of cancer. The stock selling was provoked due to a leak of information about The Food & Drug Administration rejecting IMCLONE's drug outfit application their cancer drug Erbitux...
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The stock selling was provoked due to a leak of information about The Food & Drug Administration rejecting IMCLONE's drug outfit application their cancer drug Erbitux. Before the information reached the public about the FDA's decision and share price plunged, Stewart sold her 3,928 shares of IMClone...
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