wait so once a strike is announced can the union just short the company or is that insider trading

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wait so once a strike is announced can the union just short the company or is that insider trading
This is a guess based on how much red tape i see at work but I would imagine sec regulations probably prevent unions from holding stock in the companies they negotiate with
My first statement is a stab in the dark, so I have no idea.
from people talking elsewhere it sounds like it's illegal but I'm no lawyer nor dad
I wonder if for people on the union's contract negotiation team, that might qualify as material non-public information under SEC guidelines.