I've seen where people are listed as having surrendered at price so many shares of stock worth so much money. Exactly what are they saying? Were they forced to give it up and whatever price they could get, or is it just some fancy way of saying the sold some of their stock? I've seen this on some listings of insider trading for different companies and wondered exactly what it means. I've searched this site and shockingly it cannot find anything about the term surrendered at except at the end of some battle or other.Hi,When I hear surrender and insider trading in the same sentence, I assume that the inside trader was forced to "surrender" (give up) either stock or profit gained through inside information.http://www.investorwords.com/i2.htm#insideinformation"Material information about a company which is known by the company's board of directors, management, and/or employees but not by the public. The SEC forbids trading based on such information. see also Chinese Wall, insider, tip, market inefficiency."This SEC Litigation report may help to make it clear:http://www.sec.gov/litigation/litreleases/lr16703.htmTypically surrender refers to surrender charge and/or surrender value.http://www.investorwords.com/s5.htm#surrenderchargeKeith O'MalleyTMF KGOMalley
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat