Mark Gritter (markgritter) wrote,
Mark Gritter

Rational Markets... or something

Sun pre-announced that they had lost a lot of money this quarter. And their official results released at market close were still worse than analyst expectations. So why was the stock up 9.5% today when the market was only up 2.5%? It can't have been on anticipation of good news. Nor has the price fallen much in after-hours trading, like you'd expect from bad news.

Update: Finally down 3% at 7:22PM Eastern.

Update: ... and down 13% at 12:30PM Eastern on Friday.
Tags: finance
  • Post a new comment


    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
  • 1 comment