02926oam 2200553Mu 450 991077863920332120190503073427.00-262-28343-30-585-07840-8(CKB)111000211172668(OCoLC)42856078(CaPaEBR)ebrary2001045(SSID)ssj0000183392(PQKBManifestationID)11939032(PQKBTitleCode)TC0000183392(PQKBWorkID)10194375(PQKB)10933636(MiAaPQ)EBC3338444(OCoLC)923249893(OCoLC-P)923249893(MaCbMITP)3951(Au-PeEL)EBL3338444(CaPaEBR)ebr2001045(EXLCZ)9911100021117266820151010d2015 uy 0engurcn|||||||||txtccrInvestment Intelligence from Insider Trading1st MIT Press paperback ed.Cambridge MIT Press20151 online resource (442 p.)Bibliographic Level Mode of Issuance: Monograph0-262-19411-2 Includes bibliographical references and index.Learn how to profit from information about insider trading.The term insider trading refers to the stock transactions of the officers, directors, and large shareholders of a firm. Many investors believe that corporate insiders, informed about their firms' prospects, buy and sell their own firm's stock at favorable times, reaping significant profits. Given the extra costs and risks of an active trading strategy, the key question for stock market investors is whether the publicly available insider-trading information can help them to outperform a simple passive index fund.Basing his insights on an exhaustive data set that captures information on all reported insider trading in all publicly held firms over the past twenty-one years--over one million transactions!--H. Nejat Seyhun shows how investors can use insider information to their advantage. He documents the magnitude and duration of the stock price movements following insider trading, determinants of insiders' profits, and the risks associated with imitating insider trading. He looks at the likely performance of individual firms and of the overall stock market, and compares the value of what one can learn from insider trading with commonly used measures of value such as price-earnings ratio, book-to-market ratio, and dividend yield.Insider trading in securitiesUnited StatesECONOMICS/FinanceInsider trading in securities364.168Seyhun H. Nejat1516503OCoLC-POCoLC-PBOOK9910778639203321Investment Intelligence from Insider Trading3753007UNINA