General Discussion

brush

(61,033 posts)

11. This is not as nefarious as some think. Many people who buy...

Wed Nov 11, 2020, 09:52 PM

Nov 2020

stocks have buy/sell dates established to lock in a profit or minimize losses. The ceo set a date back in August to automatically sell the stork once it reached a certain price. Back in August.

It reached that price so the sell buy order went into effect before the end of the trading day so it really left a lot of money on the table.

It's not like the ceo was watching the price all day and called his broker to sell when the price was highest.

We kinda have to thank him for not announcing this before the election as trump very likely would've won. Jr. trump accused him of waiting until after the election to break the news of the vaccine. I'm pretty sure he would've done that if was a trumper.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

39 replies

= new reply since forum marked as read

Highlight:

I KNEW IT !!! I KNEW IT !! Pfizer CEO dumps stock after reveiling COVID results !! [View all] uponit7771 Nov 2020 OP

From the article JudyM Nov 2020 #1

Not a big deal. the news release was at 6:45am. Markets don't open until 9:30am Roland99 Nov 2020 #2

This is worse seeing the announcement was timed, no ... this is going to the FEC. This is bad uponit7771 Nov 2020 #4

But..but.. they said the stock dump was already scheduled & it was ... Budi Nov 2020 #3

Agreed Rebl2 Nov 2020 #5

RIGHT !! uponit7771 Nov 2020 #6

I own Pfizer. The stock price has not changed in the last year. It is currently up .02% flamin lib Nov 2020 #7

I looked at the ticker exboyfil Nov 2020 #12

+1 uponit7771 Nov 2020 #14

In the same time frame Proctor and Gamble went from$138 to $142. flamin lib Nov 2020 #24

36 - 42 a share is nearly 20% pop, 138 - 142 isn't, either way their was going to be a big pop uponit7771 Nov 2020 #31

It wasn't a set sale date. It's called a limit order. flamin lib Nov 2020 #33

The CEO controls the presser timing, there's no doubt some bullshit here. Even NPR admitted ... uponit7771 Nov 2020 #36

I give up. flamin lib Nov 2020 #37

Please, do. Your position is wrongly focused. The CEO controlled the timing of the presser not the.. uponit7771 Nov 2020 #38

Good question! BlueLucy Nov 2020 #8

And they wonder why people are so suspicious 🙄 Budi Nov 2020 #9

RIGHT !! uponit7771 Nov 2020 #15

See #24. nt flamin lib Nov 2020 #25

I'm just glad he didn't announce that a day or two before election. Hoyt Nov 2020 #10

They oversold the information too it looks like, 90% effective at what? It was done in a press uponit7771 Nov 2020 #16

This is not as nefarious as some think. Many people who buy... brush Nov 2020 #11

But did that sell order influence when the announcement was made? exboyfil Nov 2020 #13

The automatic sell order was set in August, a couple of months ago. brush Nov 2020 #17

But he could have waited two more days exboyfil Nov 2020 #20

What are you complaining about? He waited until after the election. brush Nov 2020 #22

No, he couldn't wait. It was a limit order set months in advance. flamin lib Nov 2020 #27

You don't allow or call major announcements out RIGHT BEFORE your set sell date though. I don't uponit7771 Nov 2020 #28

See reply #33. flamin lib Nov 2020 #34

The CEO controls the announcement timing, this announcement COULD have been done AFTER the set uponit7771 Nov 2020 #35

It could've been release ALSO after the set sell date, with or without an election the variant is uponit7771 Nov 2020 #21

I'm not seeing it. The news came out AFTER THE ELECTION. brush Nov 2020 #23

election isn't relevant timing on announcement is, the CEO controlled the timing on announcement uponit7771 Nov 2020 #29

It's extremely relevant if you wanted Biden to win. brush Nov 2020 #30

For a Biden win correct, for the purpose of this OP the timing related to the election wasn't uponit7771 Nov 2020 #32

That's the million dollar question that lends this move suspicion. Budi Nov 2020 #18

No, that's twice as bad because there was a set sell date with the timing of the announcement uponit7771 Nov 2020 #19

F*cking crooks ecstatic Nov 2020 #26

YOU KNEW IT!!! flamin lib Nov 2020 #39