Open-Market Transaction

Open-Market Transaction

A transaction in which a person with inside information on a company buys or sells that company's stocks after filing all pertinent forms with the SEC. An open-market transaction is the only legal way for an insider to trade on a company without committing the crime of insider trading. In an open-market transaction, the insider makes the transaction as close to the market price as possible.
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In a standard open-market transaction where a loss results from an illegal act by management, the seller must have been aware of the fraudulent nature of the investment for there to be criminal intent.
If the client simply engages in a standard open-market transaction, such as purchasing a publicly traded security, and there was no criminal intent, it probably does not qualify for the theft-loss deduction.
Because of the mechanics of an open-market transaction, a purchaser and seller of a share do not know the other's identity.
The company has hiked its stake in the drug maker to 5.01 percent for an estimated INR27.5m through an open-market transaction. About 0.2m shares of the company were bought by HSBC Global Asset Management.
Purchases may be made in open-market transactions, block transactions on or off an exchange, or in privately negotiated transactions.
Purchases may be made in open-market transactions, in block transactions on or off an exchange, in privately negotiated transactions or by other means as determined by Hope Bancorp's management and in accordance with the regulations of the Securities and Exchange Commission.
The board of directors of Hope Bancorp Inc (NASDAQ:HOPE) Wednesday approved the repurchase of up to USD50m of its common stock in open-market transactions, in block transactions on in privately negotiated transactions.
Share repurchases will be made periodically in open-market transactions using the Company's working capital, and are subject to market conditions, legal requirements and other factors.
Each fund's board of trustees has authorized a share repurchase program pursuant to which each fund may purchase, over a one-year period beginning in March 2016, up to 10 percent of its stock, in open-market transactions.
Ruger announced in early January that during the fourth quarter of 2014 the company repurchased 680,800 shares of its common stock in open-market transactions at an aggregate cost of $24 million.
The company intends to repurchase up to 970,000 shares, or 5.0%, of the company's outstanding shares of common stock from time to time, depending on market conditions, at prevailing market prices in open-market transactions or privately negotiated transactions.
The company said that it is looking to repurchase up to 970,000 shares, or five percent, of the company's outstanding shares of common stock from time to time, depending on market conditions, at prevailing market prices in open-market transactions or privately negotiated transactions.