Hasn’t harmed the share price much
Not yet NASDAQ opening soon?
I doubt it’ll have a long term impact. Sadly data breaches are common so people kind of expect them
But in the short term it might
Hence the request
The share price is down almost 5% today. Sometimes a bit of a scandal driving the share price down can be a good thing for those looking to invest long-term. I think a similar thing is happening with Persimmons right now and the stories of their former boss taking millions out the company in wages.
I’d be interested to hear from people on this forum around investing when a share price drops after scandals/ breaches/ announcements.
Sorry but we need you to avoid discussing “market timing” because nobody knows when a good / bad time to buy will be for a particular investment.
Market timing is just too close to:
Fair enough however I was merely asking about peoples views/ thoughts on the idea of it not for companies to invest in
I do like that “the stock market serves as a relocation center at which money is moved from the active to the patient” line, but the link Alex posted isn’t super-detailed on why market timing tends not to work.
I’d guess it is that market moves are effectively random to the average investor (ie me), and that the stock market is relatively efficient at pricing things correctly. When a stock drops 5% that’s the market’s best estimate of the value of the stock. It might go back up in a few days, or not: there’s no “natural” price for a stock to have.
Another way of putting it: when a stock goes up 5% after you buy it, it’s hard to tell if it’s due to your skill or just luck. But admittedly it is often tempting to buy the dip…
I expected a bigger hit to the stock price but as @Rat_au_van said, it’s becoming common now. They will most likely end up having an average fine, which when announced in the months to come will have another effect on the stock price.