Wall Street

by Mike Masnick


Filed Under:
insider trading, sec

Companies:
cognos, ibm



Insider Trading On The IBM Cognos Deal?

from the anyone-from-the-sec-paying-attention? dept

Technology stocks have been getting battered over the last few days, which is why it stood out to folks like Eric Savitz at Barron's that Cognos stock jumped on no particular news last Friday. It was one of very few tech stocks heading up, so it clearly stood out. Since the company had been subject to various acquisition rumors, it wasn't too surprising to hear Monday morning that IBM was buying Cognos for $5 billion -- but it has folks like Savitz wondering if the SEC is on the trail of whoever was clearly trading on that info on Friday.

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