Is there any indication of insider activity or unusual trading patterns surrounding the announcement?

Insider‑activity signal?

The Pomerantz‑law‑firm announcement is a public‑disclosure that hits the market at the same time the company’s ticker (ALT) is already trading. In the absence of any SEC‑filing or insider‑trading report tied to the release, there is no direct evidence of insiders buying or selling ahead of the news. However, the very nature of a securities‑class‑action investigation often creates a “information‑asymmetry” window: corporate insiders, board members, or large shareholders sometimes receive the details of the claim before the press release. If they act on that knowledge, you would typically see a pre‑release price drift (either a modest uptick if the market expects a settlement that could be favorable, or a discount if the claim looks material‑adverse) followed by an abnormal volume spike as the news hits the tape.

What to watch in the next 24‑48 hrs

- Volume & price: Compare today’s trade volume to the 10‑day average. A sudden 2‑3× increase in shares traded, especially on the bid side, is a red flag for “leak‑driven” activity.

- Short‑interest: A rapid rise in short‑interest (or a large short‑covering rally) can indicate that market participants are positioning for a downside move, which often precedes a negative legal outcome.

- Rule 144 filings: Scan Form 4 and Form 144 filings for any large block trades by insiders or affiliates in the 24‑hour window before the press release. An unusually high number of “exempt” sales could suggest insiders are off‑loading exposure before the market digests the claim.

Trading implication

Until the market clarifies whether the lawsuit is material, the safest stance is tight‑risk positioning: stay flat or limit exposure to ALT, and monitor the above red‑flags. If you spot a pronounced pre‑release price climb with concurrent insider sales (or a surge in short‑interest), it may be prudent to reduce long exposure or hedge with options (e.g., buying protective puts). Conversely, a lack of abnormal activity—normal volume, no insider filings, and stable short‑interest—suggests the market is still pricing the event efficiently, and you could consider a light long position if you believe the claim will be non‑material or result in a favorable settlement. Keep stop‑losses tight (5‑7 % of current price) given the heightened volatility that legal news typically generates.