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Insider selling hits 15-year high during oil surge
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Insider selling hits 15-year high during oil surge
Oil and gas executives cashed in on a market surge triggered by geopolitical turmoil, selling roughly $1.4 billion in stock during the first quarter as crude prices spiked following U.S. military action against Iran, The Wall Street Journal writes. Shares of major producers and service companies climbed sharply amid supply shocks, creating a lucrative window for insiders to sell, often at or near peak valuations. While some transactions were pr…
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