Bobby's Bagels just landed a contract to open 100 new stores in shopping malls across the country. The new business should triple the company's profits. Before disclosing the new contract to the public, top managers of the company quietly bought most of Bobby's Bagels stock for themselves. After the discovery was announced, Bobby's Bagels stock price shot up from $7 to $52.

Address the following questions in your discussion post:

• Where are the stock purchase transactions recorded and reported?
• How do you think the managers' purchase of the stock impacted the company's stock price?
• What are the potential ethical implications of the transactions described in the scenario?