FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Moderna (Ticker: MRNA) announce that it will join the S&P 500 Index on July 21, 2021 and the stock price jumped. Same thing happened with

image text in transcribed

Moderna (Ticker: MRNA) announce that it will join the S&P 500 Index on July 21, 2021 and the stock price jumped. Same thing happened with Tesla when it was announced that Tesla will join the S&P 500 Index on December 2, 2020. Recently this week on February 1, 2022, Google (Alphabet) announced a 20 for 1 stock split and the market cheered the news by raising its price. Explain the behavioral and/or fundamental reason behind the market reaction

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Trading Systems Theory And Immediate Practice

Trading Systems Theory And Immediate Practice

Authors: Renato Di Lorenzo

1st Edition

8847027055,8847027063

More Books

Students also viewed these Finance questions

Question

★★★★★
Leonard and Arlene Warner sold the Warner Manufacturing Company to Elliott and Carol Archer for $610,000. A few months later the Archers sued the Warners in a State court for fraud connected with the...

Answered: 1 week ago

Question

★★★★★
QUESTION 3 The directors of Tab Limited have appointed you as a merger and acquisition specialist. They are considering the take-over of Fanta Limited and you are to advise them whether or not to...

Answered: 1 week ago

Question

★★★★★
Why does the problem of multiple product pricing arise? How is the price of each product determined by a firm with multiple products?

Answered: 1 week ago

Question

★★★★★
A. Richard McCarthy (born 2/14/64; Social Security number 100-10-9090) and Christine McCarthy (born 6/1/1966; Social security number 101-21-3434) have a 19-year-old son (born 10/2/99 Social Security...

Answered: 1 week ago

Question

★★★★★
5. Edward Salib owned a donut shop. To attract customers, he displayed large signs in his store window. The city ordered him to remove the signs because they vio- lated its Sign Code, which...

Answered: 1 week ago

Question

★★★★★
1 WMT_statements_without_solution Q . Search Sheet Home Insert Page Layout Formulas Data Review View '+ Share X Cut Calibri (Body) 11 . A- A Wrap Text General 2 AutoSum Copy Fill Paste BI UTY A....

Answered: 1 week ago

Question

★★★★★
The mean mass of the 5 members of the Carus family is 74.5 kg. What will this mean become if one of them loses 5 kg while the other masses remain unchanged

Answered: 1 week ago

Question

★★★★★
All work must be shown! Use extra paper if necessary. 1) A particle with mass 10.0g and charge 15.0 C has a velocity vector of 8.0 + 4.0 m/s. It enters a uniform magnetic field given by the vector...

Answered: 1 week ago

Question

★★★★★
E21.3 (LO 2) (Lessee Computations and Entries, Lease with Guaranteed Residual Value) Delaney AG leases an automobile with a fair value of 10,000 from Simon Motors, on the following terms. 1....

Answered: 1 week ago

Question

★★★★★
Charter National Bank has a staff of loan officers located in its branch offices throughout the Southwest. Robert Kerns, vice president of consumer lending, would like some information on the typical...

Answered: 1 week ago

Question

★★★★★
Equivalent Units of Production Data for the two departments of Gurley Industries for September of the current fiscal year are as follows: Work in process, September 1 Drawing Department 6,100 units,...

Answered: 1 week ago

Previous Question Next Question