This class action seems dubious to me. Just because some stock holders pushed the price up then panicked doesn't make a case. A balanced portfolio only allows 15% for this type of stock and volatility is expected. The stock market has been doing fine overall so these actions that are usually lead by the same group of activist is just a form of legal shakedown.
Changing the laws and allowing board members to influence the operation of companies and then making further changes allowing them to benefit from stock price manipulation is the crux of the problem here.
Is there any real doubt that the stock price will rebound, No.
Changing the laws and allowing board members to influence the operation of companies and then making further changes allowing them to benefit from stock price manipulation is the crux of the problem here.
Is there any real doubt that the stock price will rebound, No.