CCinPA, in regards to conspiracy theories about
Pfizer, all execs of fortune 500 companies have little control over when their stock is sold and must follow very stringent regulations. They often pre-sell way in advance due to regulation and to avoid insider trading accusations (this is called a 10b5-1 plan). They have very short, discrete periods of when they can sell stock since they have insider information; employees of fortune 500 companies also have discrete periods of when they can sell. For example, the exec would specify often 6 month to 1 year in advance when they want to sell stock and fill out the paperwork with their company way in advance, sometimes 1 year ahead of schedule. So if he sold stock in September 2020, the order was often put in around September 2019 (or sometime far off enough). In the press, it looks like they just sold the stock and appears fishy, but the order was put in months before. The media ignores this information because it's not a sexy story that captures headlines.
Post Edited (Jane974) : 11/19/2020 5:39:11 PM (GMT-7)