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According to the EMH, stock prices should only move following new information relevant to share values. Firms generally only release financial data once per quarter,
According to the EMH, stock prices should only move following new information relevant to share
values. Firms generally only release financial data once per quarter, and announce other information
such as new product launches only infrequently, but stock prices change throughout the day, every day.
Are frequent price changes compatible with the EMH? Why or why not?
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Creating Financial Value A Guide For Senior Executives With No Finance Background
Authors: Malcolm Allitt
1st Edition
1472922719, 978-1472922717
