You are concerned because you own 1000 shares of magic tape, Ask an Expert

Accounting

You do a study and find out that, on average, stock prices for firms decrease 3% for every 5% decrease in inside ownership. You are watching the nightly business report and find out that Magic Tape's stock has announced that insiders have sold 10% of their holdings. You are concerned because you own 1,000 shares of Magic Tape and it had closed the day before unchanged at $30 per share. If markets are at least semi-strong form efficient, what would you expect?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M992872

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