4 ms·
The stock literally dropped a few seconds after the press release was out. This wasn't investors reading the details and thinking "Oh, this acquisition is a dis
by AznHisoka 6y ago
The stock literally dropped a few seconds after the press release was out. This wasn't investors reading the details and thinking "Oh, this acquisition is a disaster, let's sell our shares". It was algo funds that saw something they didn't like, and decided to trigger a bunch of selling.
If investors really like the acquisition, they will probably buy more shares in the days/weeks ahead.