black out periodwell BB we know it has to be in place for the quarterly just released....my guess is that is the only reason....if there was some major announcement coming they would probably halt the stock pending announcement
What are the blackout period basics?
Two types of blackout periods are generally found in insider trading policies:
- Quarterly. Pre-established, routine periods associated with a company’s quarterly release of financial results. Designed to keep insiders out of the market at times when they are most likely to be in possession of earnings information, the quarterly blackout period limits trading to times when the market is best informed about the company’s financial performance.
- Event-Specific. Blackout periods that are established in connection with non-routine events outside of the financial reporting cycle. These events may include consideration of major strategic transactions (e.g., acquisitions, dispositions, joint ventures), product developments, interim earnings or sales releases, significant legal proceedings and other circumstances that potentially implicate material non-public information.