Question
The stock of ABC Corp. rose 10% yesterday, while the rest of the market had no change. The only news related to the company was
The stock of ABC Corp. rose 10% yesterday, while the rest of the market had no change. The only news related to the company was that they announced they lost $100 million in the first quarter of the year. Given the efficient markets belief that stock prices respond to news, explain this apparently contradictory price change.
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Personal Finance Turning Money Into Wealth
Authors: Arthur J. Keown
1st Edition
1269891472, 9781269891479
