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Monster insider trade that was suspiciously timed for this stock
CLSKCleanSpark(CLSK) Finbold·2024-03-29 10:37

Insider stock trades always raise suspicions among regular shareholders, but when they occur just before announcements that only insiders would know about, the impact on stock prices can be significant. For example, CleanSpark (NASDAQ: CLSK) recently announced an $800 million stock offering, leading to a 20% dilution of the company’s value and causing CLSK shares to plummet by 10% in after-hours trading.To make matters worse, Chair Matt Schultz sold 367,000 CLSK shares, totaling $8.5 million, on March 27. I ...