D Question 3 20 pts Dollar General had their Earnings Report coming out last Wednesday...
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D Question 3 20 pts Dollar General had their Earnings Report coming out last Wednesday after market hours. From 1pm to market close on Wednesday, the price of DG was relatively stable around $155. At 4pm, after the market closed, the Earning Report was published and the earning per share was lower than expected, and DG lowered their forecast for the next quarter. Immediately, the stock price dropped to $145. Over the next hour, the price slowly went back up to $150. The next morning, the price rose to $153. That day, the price was relatively stable around $153. This is a good example of: over-reaction. under-reaction efficient reation O someone leaked the information contained in the earnings report
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