Actually insider selling might relate to earning in couple ways.
1. Selling is a sign that leading earning: Insiders know inside info about earning is weakening so they decide to sell. A news that whole world know (like a fat, colorful backlog) is useless now. You better pray that CHINA grows at least 10% last Q.
2. Demand and supply: Shares in the hand of insiders are not tradable. A little bit demand will push price, now need more force to push due to more float.
Agree, its future earning expectation thats driving the price. Earning must be good ahead of road. Better higher than street expectation.
$30 per share or $100M capital looks reasonable to me. If they can maintain current good outlook. Otherwise, TRT can be another crook stock too.
Price might cut in half (-50%) on next earning report. And those insiders who hurry to stealing money now will face a SEC problem. HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA
Look at SIMC. This was hyped because they had one good quarter. It was pumped like crazy 2 days after their earnings report. Organized pumpers said everyone missed the little section of the financials where they said their pro forma earnings was high. Yup, pumped on what everyone missed and their earnings were gonna soar.
At the next earnings release, the stock plunged! And SIMC is in the same type of business as TRT. The similarities are almost identical!