Which of the following scenarios is inconsistent with a semistrong-efficient market? Multiple Choice A. Veeva's CEO sold 100,000 shares of the company on Apr 1,
Which of the following scenarios is inconsistent with a semistrong-efficient market?
Multiple Choice
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A. Veeva's CEO sold 100,000 shares of the company on Apr 1, 2017 for $56 per share. On Apr 6, Veeva reported disappointing operating results which caused the stock price to plummet to $40.
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B. Lyft's stock price jumped 15% from the IPO price when it started trading on Mar 28, 2019, its IPO day. The closing price was almost the same as the opening price.
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C. Netflix's stock price jumped 12 percent on the day it announced higher-than-expected growth rates in revenue. The price kept rising in the subsequent 5 trading days with a total return of 8 percent.
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D. When rumor came out on Sept 8, 2010 that Steve Jobs was hospitalized due to a heart attack, Apple's stock price plummeted by 10 percent within seconds.
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
Option B Lyfts stock price jumped 15 from the IPO price when it started trading on Mar 28 2019 ...
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Step: 2
Step: 3
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Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock
4th Edition
321986490, 978-0321989970, 032198997X, 978-0321986498
