Which of the following scenarios best exemplifies insider trading:

Group of answer choices

An employee of company ABC, Inc. buys more shares after the company publicly announces a new product launch that is expected to boost the company's stock value.

A financial analyst at company XYZ$,$ Inc. selling their shares of the stock before a quarterly report, revealing plummeted sales, is publicly released.

None of the answers is correct

A financial analyst at company XYZ$,$ Inc. selling their shares of the stock after a quarterly report, revealing plummeted sales, is publicly released