Southern Michigan Bancorp Inc
OTC:SOMC
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Gray Television Inc
NYSE:GTN
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We don't have any information about SOMC's insider trading.
Southern Michigan Bancorp Inc
Glance View
Southern Michigan Bancorp, Inc. operates as a bank holding company. The company is headquartered in Coldwater, Michigan. The firm operates approximately 14 branches within Branch, Calhoun, Hillsdale, Kalamazoo and St. Joseph Counties, providing a range of consumer, business and wealth management services throughout the region. The firm offers personal banking, personal borrowing, personal investing services and products, business banking, business borrowing, e-services, business investing and wealth management services. Personal banking includes Personal Checking, Southern Rewards Testimonials, Savings, certificate of deposits (CDs) and individual retirement account (IRAs), e-statements, online services, iPay QuickPay, Zelle, mobile wallets, card services, and alerts. Personal borrowing includes auto/personal loans, home loans and online application. Personal investing includes 401K and trust/estate planning. Business banking includes checking, savings, business card services and business online services.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
