Overreaction or Fundamentals: Some Lessons from Insiders' Response to the Market Crash of 1987.

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Seyhun, H Nejat; (1990)
  • Journal: Journal of Finance,volume 45,issue 5 December,pages1,363-88

This paper shows that the 1987 crash was a surprise to corporate insiders; insiders became buyers of stock in record numbers immediately following the crash; stocks that declined more during the crash were also purchased more by insiders; and stocks that were purchased ... View more
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