That news was out well before the selling started. Perhaps there was some delay if that truly was part of the cause?!
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That news was out well before the selling started. Perhaps there was some delay if that truly was part of the cause?!
Did that happen some time before the date of that article? I was under the impression that it was hot off the press, dated June 9, 2018, which is only a day before the drop happened.
If it really was fresh news just two days ago, I wouldn't be surprised about a 24 hour delay on market reaction. Sometimes news takes a while to spread, especially if it isn't covered by a lot of feeds.