HALLOWEEN IS NOT OVER FOR TESLA SHORTS BEWARE.....
For those shorting Tesla please do so!
Andrew D Baglino exercised options to purchase 1,000 Tesla shares at a price of $51.64 per share for a total of $51,640 on October 27.
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
SkyBridge Capital's Anthony Scaramucci issued a warning to Tesla short sellers after driving a Tesla vehicle for the first time over the weekend.
"I would get out of the way of Elon Musk if I were you," Scaramucci said Monday on CNBC's "Squawk Box."
"I drove the Tesla last night. Just a big heads up to every short. First time in a Tesla, the car is a spaceship," Scaramucci said. "You don't want to get in the way of a spaceship that's moving silently on the road. I would just point that out to the shorts."
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.