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TW - CFO Insider Trading Anomaly: April Results +4.53%
Towers Watson & Co.
Introduction
My new CFO insider trading anomaly study has completed the first month of tracking beginning at the start of April 2019. The ongoing study is retesting multiple aspects of peer-reviewed studies in the financial literature for the next 12 months. This new anomaly study will replace the Russell 2000 Anomaly study that concludes a 2-year evaluation next month in June 2019.
The basis of the CFO insider trading anomaly stems from a number of different conclusions in the financial literature:
"Insiders have far superior knowledge about the company and the industry than the market"