(openinsider.com/CTLT)
So the company Catalent has the Q4 earnings report due before market open on 8/29, but all 17 of these insiders sell their positions on 8/25 and report it together on 8/26 after market close in a 15 minute time span. Since 8/27 and 8/28 is weekend this huge insider sell would not be able to impact share prices whilst these insiders wouldn’t have to bear the impact of the presumably bad quarter CTLT is going to report. This surely is insider trading and can’t be legal, can someone explain to me how they can do this?
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