Exxon Gains 250%

Bimini Road identified a Ghost Pattern in October 2020 that lasted 28 days indicating a large buying event by insiders on Exxon stock.

The Ghost Pattern ended in November 2020. The U.S. Government grants Emergency Use Authorization to the Pfizer vaccine and shortly thereafter countries around the world begin easing travel restrictions and travel resumes pushing the demand for oil up.

The price of Exxon stock along with other U.S. stocks begins to recover rapidly on the news kicking off the global pandemic recovery.

Historical Timeline

October to November 2020 - - Ghost Pattern captures 28 days of buying

December 11, 2020 - U.S. Gov grants Emergency Use Authorization to Pfizer Vaccine

Price Moves Up - Exxon gains 250%