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

Question

1 Approved Answer

Stock A reports a huge beat in earnings for the most recent quarter. Its stock price rises 10% on the news. Stocks B&C are competitors,

Stock A reports a huge beat in earnings for the most recent quarter. Its stock price rises 10% on the news. Stocks B&C are competitors, and due to report earnings in a few days. On the same day as the Stock A report, their stock prices respectively rise about 5%. What is the name of this phenomenon?

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_2

Step: 3

blur-text-image_3

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

Short Term Financial Management

Short Term Financial Management

Authors: John Zietlow, Matthew Hill, Terry Maness

5th Edition

1516512405, 9781516512409

More Books

Students also viewed these Finance questions

Question

★★★★★
List the four IMA standards of ethical practice and briefly describe each.

Answered: 1 week ago

Question

★★★★★
Wse the fotlowing information to antwor this question. Vhat is the return on equity for 2022? What is the return on equity for 2022? Multiple Choice 15.71% 19.55% 26.45% 18.56% 32.93%

Answered: 1 week ago

Question

★★★★★
10. A seed wash is expected to change the proportion p of seeds that germinate when planted in poorlydraining soil. Suppose that the current germination rate is about 80%. state the null and...

Answered: 1 week ago

Question

★★★★★
On November 1, 2016, Campbell Corporation management decided to discontinue operation of its Rocketeer Division and approved a formal plan to dispose of the division. Campbell is a successful...

Answered: 1 week ago

Question

★★★★★
Fraser Company will need a new warehouse in four years. The warehouse will cost $350,000 to build. Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s)...

Answered: 1 week ago

Question

★★★★★
5. Find the inverse Laplace Transform f(t) of F(s) = Then, find the final value of s(2111) f(t) using the Final Value Theorem and verify your result using lim-100 f(t).

Answered: 1 week ago

Question

★★★★★
The professional football club, Highbury Academicals, is considering acquiring a highly successful German international footballer. The transfer fee will be 42m, half of which is payable immediately...

Answered: 1 week ago

Question

★★★★★
Alexandria is evaluating an idea to open her own business. The initial investment is estimated to be $100,000. The investment horizon is 5 years. She will use a 5-year straight-line depreciation...

Answered: 1 week ago

Question

★★★★★
identify ARB (4x4 company) international strategy What are the positive and negatives of their internationalization strategy what would you do diffrently?

Answered: 1 week ago

Question

★★★★★
Quarter Demand (units) 1 2,300 2 2,400 3 2,600 4 2,100 Beginning Inventory 200 units Inventory holding cost $10 per unit at end of quarter Hiring workers $4 per unit Firing workers $8 per unit unit...

Answered: 1 week ago

Question

★★★★★
The rational number 22/7 has been used as an approximation to the number since the time of Archimedes. First, show that: L x(1-x)4 1+x dx = 22 7 - . We will now use properties of this integral to see...

Answered: 1 week ago

Question

★★★★★
4.3 Describe the job analysis process and methods.

Answered: 1 week ago

Question

★★★★★
Given the current trends toward empowerment and employing fewer levels of management, how important do you believe management development will be in the next ten years? Support your answer.

Answered: 1 week ago

Question

★★★★★
What is your ideal situation, that is, what is the ideal or goal for what you would like to see in this situation?

Answered: 1 week ago

Previous Question Next Question