Informed Traders: Linking Legal Insider Trading and Share Repurchases PoorSatisfactoryGoodVery GoodExcellent Be the first. (0 ratings) Log in to rate this article. Financial Analysts Journal January/February 2012 | Vol. 68 | No. 1 | 14 pages Source: CFA InstituteKonan Chan David L. Ikenberry Inmoo Lee Yanzhi (Andrew) Wang US$0.00 Member | US$0.00 Candidate | US$15.00 Nonmember Read Abstract Logic suggests that a link might exist between insider trades and share repurchases because of their potential to signal mispricing when market prices deviate from fair value; both events emanate from essentially the same set of decision makers. Using the overall repurchase sample, adding insider-trading information is generally not helpful. For “value” buyback companies, however, where perceived mispricing may be a more important factor, insider trading provides a strong complement to the repurchase signal. View more information Topics Equity Investments : Equity Market Valuation and Return Analysis Credits · About the CE Program 1 CE (including 0 SER) Record credits Credits recorded Members, log in to record your credits. Manage CE Credits People who viewed this page also viewed: Top Hedge Fund Investors: Stories, Strategies, and Advice This book chronicles top hedge fund investors that played key roles in the industry, including substantial information on manager sourcing, ... More Loading ...