When a stock is in a downtrend and the company comes out with bad news, on most occasions the issue declines in price in the short term. Whether or not longer-term investors use the weakness in price to accumulate shares of the issue, regardless of the recent news, is the question.
It has been quite some time since Carl Icahn has been in the news on the activist front. That changed this week when he announced on his website that Icahn Enterprises (NYSE: IEP) is going to initiate a tender offer and proxy content for Southwest Gas Holdings Inc.
Trading an issue after a company announces can be a difficult task. The reason being, larger market participants are looking to unload or acquire large blocks of shares and a retail trader can easily get run over.
If the price action in JPMorgan Chase (NYSE: JPM) is any indication of how issues are going to be treated after a mixed earnings report, then buckle your seatbelts.
When a company falls out of favor in the public eye and it translates to a decline in its share price, it's difficult to turn things around. Especially when there is more negative news coming out on the company.
Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session.
Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session.
Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session.