Allegations of insider trading before layoff announcement

Interesting...

https://newsheater.com/2020/07/20/why-the-allstate-corporation-all-is-in-such-horrid-condition-rise-0-07/

ALL Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at The Allstate Corporation (ALL), starting from Shapiro Glenn T, who sold 14,378 shares at the price of $105.62 back on Jun 05. After this action, Rushing now owns 23,077 shares of The Allstate Corporation, valued at $1,518,604 with the latest closing price.

Lees Susan L, the EVP, General Counsel & Sec. of The Allstate Corporation, sold 12,385 shares at the value of $106.05 during a trade that took place back on Jun 05, which means that Lees Susan L is holding 23,665 shares at the value of $1,313,429 based on the most recent closing price.

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For exemple all the transaction of Shapiro Glenn T are available here 👉https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001727101
Our algo is train to spot when and why an insider transaction is a sign of abnormal futur returns if your are interested you can follow us on twitter: https://twitter.com/DatacrunchC

This is a very peculiar transaction that occurred 6 days before the major announcement that Allstate is going to layoff approximately 10% of the workforce. Any stock gurus out there that can explain how a transaction like this can be ethically executed?

There have been several times that Tom Wilson has been in the news for this.

Insider trading can be legal or illegal. This is just pointing out publicly available trade information of Allstate’s officers and directors that is perfectly legal.

Thread regarding Allstate Corp. layoffs

Allegations of insider trading before layoff announcement

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