Mark Gritter (markgritter) wrote,
Mark Gritter
markgritter

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
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