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On January, 5 th 2 0 2 3 , Sandman Inc. ( ESAND ) announced an unexpected 3 0 % decrease in net income for

On January, 5th 2023, Sandman Inc. (ESAND) announced an unexpected 30% decrease in net income for the 4th quarter of 2022. on large decreases in revenue and a 50% decrease in EBITDA. If the stock market correctly reflects public information, which of the following is correct? A. To assess the market's view of this announcement, we should determine whether ESAND's volume of trading on this day exceeded or fell short of the firm's typical volume. B. To assess the market's view of this announcement, we should determine whether ESAND's price rose or fell on this day. C. This announcement should not have any impact on ESAND's price or trading volume.

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