Title: Insider Trading

Essay Details

Subject: Business
Author: Robbie B
Date: April 26, 2016
Level: University
Grade: A
Length: 4 / 1070
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

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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