There’s nothing quite like enhanced and busy ‘Traded Option’ activity to herald [insider trading] price-sensitive information on forthcoming corporate news. Lo and behold, it was in late March 2022, and in the days preceding Elon Musk’s notification of a substantial interest, Twitter futures contracts suddenly started moving higher in above-average daily volume.
Insights
Opinion and insights on some of the latest events in the corporate and business worlds, the world financial markets, and the movers and shakers who pull the strings.
Only the Energy, Metals, and Utility sectors have rescued a poor 1st quarter performance on the market indices from a disastrous one. Fueled by spiking oil and commodity prices which market forecasters predict will only continue amid heightened geopolitical risks between Russia and Ukraine, rising inflation, and interest rates.
US oil giant ExxonMobil follows in the footsteps of BP and Shell by cutting ties with Russia following the invasion of Ukraine.