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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, th Sandman Inc. ESAND announced an unexpected decrease in net income for the th quarter of on large decreases in revenue and a 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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