Corporate event data vendor, Wall Street Horizon, recently reported that the number of Wall Street oriented conferences, roadshows, analyst meetings and company conference calls has dipped by 22% during the first eight months of 2020..
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Stock splits have been en vogue this season since Apple announced its split details in July and Tesla followed suit in mid-August. Stock splits as well as other corporate events can be an important signaling action from corporate managers to the investing
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Barry Star, CEO of Wall Street Horizon, explains some of the ins, outs and surprises of the most recent quarter, as Health Care and Information Technology were the primary sectors contributing to a strong showing versus consensus.
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The findings of the study reveal that return extrapolation indeed exists in the context of earnings announcements.
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The research findings are consistent with some managers hyping the stock prior to investor conferences and selling their shares at inflated prices...
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