Wednesday, October 27, 2010

Sony soars, sinks, soars on Apple buyout rumor • The Register

An interesting case study in stock market dynamics, but I still think it’d be a sensible and timely acquisition

Just how volatile are the stock markets these days? How about this metric: Sony's stock shot up by 3 per cent on Monday on a totally unsubstantiated rumor that Apple was eyeing it as a takeover target.

Sony stock then slipped back when the source of the rumor noted that he simply made it up. Then, unaccountably, Sony took off again, and as of 1:15pm Eastern time on Tuesday, it was selling at a far higher price than it was pre-rumor.

Sony soars, sinks, soars on Apple buyout rumor • The Register

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