You are an equity analyst covering the pharmaceutical industry. To answer this question, pick a company which is currently listed on a stock exchange. You will consider the time-period and daily share price of the company that you picked for the period 1st February until 1st Sep 2020.

Carefully identify at least three major news stories, events or issues related to the company that significantly impacted the share price on the day of release (this can be intra-day or closeprice) and why they impacted the share price in the way that they did. In your answer, you should include the magnitude of the share price change. You should include a price chart of some sort, with annotation, which clearly shows each major news impact on the price. Marks are allocated for relevant news story, clearly annotated diagrams and discussion as to why the identified news impacted share price (5 Marks).

Consider the news items that you have picked. Evaluate the impact of each item on share price (in the context of market efficiency) and why it impacted the share price in the manner that it did. Are there other considerations (e.g. theoretical, market, behavioural) besides the identified news article that would impact the share price? (10 Marks).