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Observe how the stock prices shift around the declaration dates (1 day before to 1 day after the declared date) for each of the 3

Observe how the stock prices shift around the declaration dates (1 day before to 1 day after the declared date) for each of the 3 dividend events. Explain why such shifts are expected or unexpected.
Amount Record Date ExDiv Date Pay Date
1.02 7/15/2020 9/3/2020 9/30/2020
1.02 5/5/2020 6/4/2020 6/30/2020
0.96 2/10/2020 3/5/2020 3/31/2020
Date Open High Low Close Volume Price Move (%) Record Date
07/14/2020 134.59 136.952 134.25 135.52 6765759 0.45 7/15/2020
07/16/2020 134.056 134.36 133.05 133.88 3787074 0.14 7/15/2020
05/04/2020 130.17 131.35 129.325 130.92 5245254 0.6 5/5/2020
05/06/2020 131.58 132.23 130.69 130.78 4192435 -0.68 5/5/2020
02/07/2020 144.26 145.72 143.83 145.37 3138631 0.72 2/10/2020
02/11/2020 146.21 146.36 144.87 146.08 3870725 0.29 2/10/2020

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