Did Hamas 'Insider Trade' Their Israel Attacks? Researchers Uncover Unusual Stock Activity Ahead Of October 7 War
Portfolio Pulse from Piero Cingari
A study by NYU and Columbia University researchers found unusual trading activity in Israeli stocks and ETFs, such as iShares MSCI Israel ETF (EIS) and Bank Leumi (BLMIF), before the Oct. 7 Hamas attacks. There was a surge in short selling and a sharp increase in put options, suggesting possible foreknowledge of the attacks. The study raises ethical and legal concerns and calls for regulatory review.
December 04, 2023 | 6:29 pm
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NEGATIVE IMPACT
Bank Leumi (BLMIF) saw a significant increase in short selling activity before the Hamas attacks, which could suggest insider knowledge and may affect the stock's reputation and investor trust.
The substantial short selling in BLMIF before the attacks could lead to investigations and harm the stock's reputation, potentially causing a short-term decline in its price.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The iShares MSCI Israel ETF (EIS) experienced unusual short selling activity before the Hamas attacks, which could raise concerns among investors about market manipulation and insider trading.
The surge in short selling of EIS before the attacks could indicate insider trading, which may lead to legal scrutiny and negatively impact investor confidence in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90