As if things could not get any worse for Equifax (EFX) they now find themselves being questioned by the U.S. Senate. The Hill reports that “the Senate Finance Committee wants answers from Equifax on when three of its executives, who sold almost $2 million in stock, learned of a massive cybersecurity breach the company experienced in July.”
With hundreds of millions of people’s information compromised, the scandal of the early sale, and now coming under fire from the Capitol, Equifax may be on the road to a steep decline. Details may be scarce now, but it looks like traders may have a major call option opportunity around the corner. Since September 7, their stock has taken a nosedive ($142.72-$113.84) and this news may precipitate further decline.
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