Question: Donna a corporate director sold 100 shares of stock in
Donna, a corporate director, sold 100 shares of stock in her corporation on June 1, 2007. The selling price was $10.50 a share. Two months later, after the corporation had announced substantial losses for the second quarter of the year, Donna purchased 100 shares of the corporation’s stock for $7.25 a share. Are there any problems with Donna’s sale and purchase? Explain.
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