Do Investment Newsletters Move Markets?

Material TypeArticleLanguageEnglish
TitleDo Investment Newsletters Move Markets? Author(S)Scott Brown (Author)
Abstract  We analyze the market impact of stock recommendations made by a single investment newsletter that focuses on instances of heavy insider trading. The market reacts positively to the actual insider trades and the associated Form 4 Securities and Exchange Commission (SEC) filings that attracted the newsletter's interest. ...Paginationp 315-338
Journal TitleFinancial management  
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