I always thought that any action that a company takes which has a probability of affecting the price of its stock should be filed to the SEC before announcing such action.
However, looking at the Piedmont Lithium stock over the past days makes me doubt myself:
- The stock jumped at about 7:20 AM.
- The SEC approved the game-changer filing at 10:15. https://www.sec.gov/Archives/edgar/data/1728205/000172820520000031/0001728205-20-000031-index.htm
My only thought is that there was some insider trading, however the insider trading information doesn't reflect this.
Is there something that I am missing?
Submitted October 02, 2020 at 07:52PM by LaNiebla https://ift.tt/3cTXaHS
