The stock started the month at $208 and was down to $185 on 11/19 when earnings were released. The next day (when this article was released) it had opened at $196 and dropped to close at $180. A week later, it’s sitting at $176.
I guess you can call all that a nothingburger because it’s only down a few percent, but I think the story is that any downward slide after announcing blockbuster earnings is… unusual, and therefore indicative of something bigger going on. At the very least you’d expect it to arrest the slow and steady slide it’s been on this month, but the fact that the positive sentiment from that incredible earnings report didn’t even last a full trading day is noteworthy.
To be fair, the article is over a week old. Not sure why it got reposted now.
So it was down even less when the article was posted?
The stock started the month at $208 and was down to $185 on 11/19 when earnings were released. The next day (when this article was released) it had opened at $196 and dropped to close at $180. A week later, it’s sitting at $176.
I guess you can call all that a nothingburger because it’s only down a few percent, but I think the story is that any downward slide after announcing blockbuster earnings is… unusual, and therefore indicative of something bigger going on. At the very least you’d expect it to arrest the slow and steady slide it’s been on this month, but the fact that the positive sentiment from that incredible earnings report didn’t even last a full trading day is noteworthy.
It’s really not. Especially when everyone knows at this point that those “earnings” are just cooked books.
Insert that meme of “the point” and “over your head” here…