Sample Essay
After reading a news about final approval of FDA for one of the new drugs of the company 100 shares were bought in the company on 26th October 100 which were valued at $1500 based on a $15 market price. The stock price started increasing and the gain on investment started increasing with it and reached level of $2,100 at month end.
This is not an example of insider trading as the approval of the drug was published in a newspaper and all investors were aware of this fact and had an equal and fair opportunity to make decisions about investment in shares of the company.
Date | Share Price | Gain |
26-Oct | $15 | |
27-Oct | $22 | $700 |
28-Oct | $27 | $1,200 |
29-Oct | $33 | $1,800 |
30-Oct | $36 | $2,100 |
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