A corporate insider for FUBO filed an insider trade on August 20th, showing that they had purchased 35,000 dollars of stock on the open market. Corporate insiders can legally do this, and they file with the SEC, but I parse the thousands of filings each day and I found this one to be significant.
Want proof? Here’s the post: https://www.reddit.com/r/InsiderTradingAlerts/comments/1exabfg/how_neil_glat_of_fubo_allegedly_front_ran_the/?share_id=SaOvf0GKGPxlv8SETcU8F&utm_name=ioscss
The filing can be found here: https://www.sec.gov/Archives/edgar/data/1484769/000149315224033284/xslF345X03/ownership.xml
Insider Neil Glat’s original position of stock has grown from 35,000 dollars, to over 100,000 dollars today with the recent announcement of a FUBO merger. How much do you want to bet that he knew (allegedly) about the whisperings of a merger 4 months ago? This insider was willing to be 35,000 dollars, and his bet paid off.
Want to get alerts daily to your email? We track corporate insiders and their activity here at Insider Trading Alerts.