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giandujakissDid the market know about Apple’s announcement?
This has been another edition of simple answers to easy questions.
(Longer explanation - it's been very well documented for decades that stock prices of companies go up in the days before big announcements, like mergers (pdf) - because the news leaks and insiders, or people who know insiders, trade on it. And the SEC will only catch a fraction of the people responsible.)
This has been another edition of simple answers to easy questions.
(Longer explanation - it's been very well documented for decades that stock prices of companies go up in the days before big announcements, like mergers (pdf) - because the news leaks and insiders, or people who know insiders, trade on it. And the SEC will only catch a fraction of the people responsible.)