4 ms·
Interestingly, after months of chopping along at the whims of the FDA, the stock actually sold off a little today after the news came out at 2pm.[1] A good exa
by Jorge1o1 3y ago
Interestingly, after months of chopping along at the whims of the FDA, the stock actually sold off a little today after the news came out at 2pm.[1]
A good example of what it means for news to to be "already priced in," and how in fact, too many traders in a name can overcrowd it and destroy the alpha. It's like game theory.
[1] https://yhoo.it/3pbC6aB https://yhoo.it/3pbC6aB
- fullburley 3y agoThe approved label reduced access to 4 and 5 year olds, shrinking the market opportunity in the short term.
- ninja3925 3y agoI somewhat understand your point but the facts imperfectly support it. If information was already priced in, say 90% chance of success, a positive outcome would still provide a lift from the remaining 10%. The decrease sounds like something else is going on.
- mhluongo 3y ago"Buy the rumor, sell the news"
- throwaway2037 3y ago2% is nothing for a single name stock. Who cares. It is just noise. Looking at the close price history here: https://www.google.com/search?q=SRPT+price&rlz=1C1GCEB_enJP1006JP1006&oq=SRPT+price https://www.google.com/search?q=SRPT+price&rlz=1C1GCEB_enJP1... Overall, the last one year has been pretty flat for this stock.
- m3kw9 3y agoIt’s more like ppl sell because they know bull with this environment will keep buying till news hits
- Cthulhu_ 3y agoStock prices have nothing to do with the successes or failures of a company, and everything with hype, marketing, and mainstream appeal. Same with cryptocurrencies and the likes. It's not a rational market, but everyone talks about it like it is.