Jaffe (1974) found that stock prices _________ after insiders intensively bought shares.

A) decreased
B) did not change
C) increased
D) became extremely volatile
E) became much less volatile

Intensively Bought

Refers to securities that are being purchased in large volumes over a short period, indicating strong investor interest or confidence in the asset.

Stock Prices

The market price at which a share of stock is bought or sold in the stock market, influenced by various factors including company performance and market conditions.