I've gotten some mixed feedback and am a bit confused on the following scenario:
Suppose I'm researching Public Company A. I find someone at Private Company B that is a customer of A who provides ballpark figures of how much sales B does with A and how that has changed over some annual / quarterly time frame. A doesn't publicly disclose any of these specific sales with its customers. Is that considered insider info on A?
Does the scenario change if both A and B are public companies and neither publicly discloses its business with each other?
Note I'm looking at this as an individual investor / for stock pitch purposes so looking for the purely legal requirements and not any internal compliance policies.
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