A publicly$-$traded company issued quarterly financial statements that reported a ne $$0\mathrm{.}75$ per share. Prior to the announcement, and that expected the company to rep quarterly net loss of $$1\mathrm{.}25$ per share. Which of the following statements is MOST tr equal?

A$.$ If the company's stock price decreases quickly after this news, then markets are both weak form and semi$-$strong form efficient, but not necessary strong form effic B$.$ if markets are strong$-$form efficient, then company insiders could probably earn returns by trading on the earnings information before the news was released to the $C$ The earnings report should have no impact on the company's share price if marke form efficient.

D$.$ The price of the company's shares should probably increase very quickly after th announcement of markets are semi$-$strong$-$form efficient.