Find the initial announcement of public information made within a month from tod
ID: 2650777 • Letter: F
Question
Find the initial announcement of public information made within a month from today (i.e., earnings announcement, merger, etc.) for any publicly traded stock that moves the stock price at least 1% (other than those we discussed in class)
(a) Print out or draw a chart that shows at least 2 days before the event and at least one day after.
(b) Is the evidence consistent with the semi-strong form market efficiency. Explain.
(c) How would investors who are influenced by the behavioral finance concepts of
(i) conservatism and (ii) representativeness bias act on the announcement? Explain.
Explanation / Answer
The public information disclosure before the announcement date depends on the expectations of investor
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