Upgrading means investors dump their illiquid /
ignominious stocks in favor of more well known companies that are trading at a discount.
That is, acting on the fact that larger, well - known companies were recently trading at steep discounts to historical prices, portfolio managers dumped their illiquid,
ignominious stocks and rushed into these more popular but depressed stocks.
Not exact matches
Men may seem detestable as joint
stock companies and nations; knaves, fools, and murderers there may be; men may have mean and meager faces; but man, in the ideal, is so noble and so sparkling, such a grand and glowing creature, that over any
ignominious blemish in him all his fellows should run to throw their costliest robes.
RIM faced an
ignominious milestone on Monday after a
stock crash following its BlackBerry 10 phone delay.