What was the immediate financial benefit to Samuel Waksal of selling 135,000 shares of ImClone stock on December 27, based on insider information, rather than waiting until the information was known to the general public? Assume he sold his shares for an average price of $60 a share, but could have gotten only the December 31, 2001 opening price if he had waited until after the announcement.

Answer rating: 100% (QA)

To calculate the immediate financial benefit to Samuel Waksal of selling 135000 shares of ImClone st... View the full answer