Snap opened to uproarious
first trading day results, but as informed by its third trading day wane, the excitement might be wearing off.
Not exact matches
While the majority of banks covered by the ECB exercise witnessed a decline in equity prices on the
first trading day after the disclosure of the
results, by the end of the week quotes for most banks had recovered, with the exception of banks reporting large capital shortfalls.
However, after that fast start, things settled back, so that as we ended the
first half of the
trading day, the Dow's gain, which reflected ongoing optimism on the earnings front (as Corporate America continues to release
results for the third quarter) and evolving hopes that whatever the dysfunction now in Washington, a meaningful tax reform package will get passed.
But what if we filter the
results by requiring both a positive return during the
first five
trading days of January and a positive return in January for a positive signal?
Failing to do so could
result in wild
trading activity in the
first few
days and weeks — or worse, a cratered stock price within months.
ON Semiconductor stock jumped more than 8 % on Aug. 7, 2017 alone — the
first trading day after its quarterly
results were released.
Fresh off a Wall Street Journal piece suggesting many recent end - of -
day spikes in equity
trading have been a direct
result of the rapid growth in leveraged ETFs, Direxion launched its follow - up batch of 3X ETFs Wednesday, each the
first of its kind.
As a
result, on January 25, 2017, Bloomberg reported that BTC
trading volume had plunged 98 percent compared with the
first days of 2017.
The direct listing could
result in wild swings in Spotify's stock pricing during the
first few
days of
trading, especially since Spotify's shares sold in a range of $ 48.93 to $ 132.50 in privately negotiated transactions during the
first 11 weeks of this year.