Insider Trading On The IBM Cognos Deal?

from the anyone-from-the-sec-paying-attention? dept

Technology stocks have been getting battered over the last few days, which is why it stood out to folks like Eric Savitz at Barron's that Cognos stock jumped on no particular news last Friday. It was one of very few tech stocks heading up, so it clearly stood out. Since the company had been subject to various acquisition rumors, it wasn't too surprising to hear Monday morning that IBM was buying Cognos for $5 billion -- but it has folks like Savitz wondering if the SEC is on the trail of whoever was clearly trading on that info on Friday.
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team

Filed Under: insider trading, sec
Companies: cognos, ibm


Reader Comments

Subscribe: RSS

View by: Time | Thread


  1. Human nature.

    Good old American insider secrets. How could a billion dollar deal not be exploited for profits? I believe people involved in the stock market just sit around thinking of ways to avoid detection from the SEC in the event they come across this type of insider information.

    link to this | view in thread ]

  2. identicon
    Mike Phillips, 4 Apr 2008 @ 9:14am

    Insider Trading Website

    The website at http://www.poweroptionsapplied.com/insider.asp provides a very useful utility to examine insider buying selling activity.

    link to this | view in thread ]

  3. identicon
    Mike Phillips, 4 Apr 2008 @ 9:14am

    Insider Trading Website

    The website at http://www.poweroptionsapplied.com/insider.asp provides a very useful utility to examine insider buying selling activity.

    link to this | view in thread ]


Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Loading...
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.