Daily Market Forecast Based on Algo Trading: Returns up to 23.04% in 7 Days
Daily Market Forecast
An insider is legally permitted to buy and sell shares of the firm – and any subsidiaries – that employs him or her. However, these transactions must be properly registered with the Securities and Exchange Commission (SEC) and are done with advance filings. You can find details of this type of insider trading on the SEC’s EDGAR database. This algorithmic forecast is for stocks with recently reported insiders’ transactions. An “insider” is any person who possesses at least one of the following:
- access to valuable nonpublic information about a corporation (for example a company’s directors and high-level executives)
- ownership of more than 10% of the company’s equity
8 out of 10 stock prices in this forecast for the Insiders Stocks Package moved as predicted by the algorithm. IMGN was our best stock pick this week a return of 23.04%. FGP and DFT followed with returns of 20.83% and 7.08% for the 7 Days period. The package saw an overall yield of 7.60% versus the S&P 500’s return of 1.34% implying a market premium of 6.26%.
ImmunoGen, Inc. (IMGN), a biotechnology company, develops targeted anticancer therapeutics. The company develops its products using its antibody-drug conjugate (ADC) technology.
Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.
Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.