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Question 1 [5 points] Suppose that on Monday, May 2nd of 2022, stock XYZ closed at $210 per share at 4:00PM (New York ti
Posted: Sun Jul 03, 2022 6:42 am
by answerhappygod
- Question 1 5 Points Suppose That On Monday May 2nd Of 2022 Stock Xyz Closed At 210 Per Share At 4 00pm New York Ti 1 (15.98 KiB) Viewed 12 times
Question 1 [5 points] Suppose that on Monday, May 2nd of 2022, stock XYZ closed at $210 per share at 4:00PM (New York time). The very next day (on Tuesday, May 3rd of 2022), it opened at $235 per share at 9:30AM New York time. Why would the stock open at a different price on Tuesday compared to the previous trading day when the markets closed? What may be a likely reason for this price difference? Directions: In no more than three sentences, discuss why this may happen. 2