Drink, for example, if an announcement is made that PNAT is getting bought out at 10 cents a share, market makers will have this thing at that 10 cent level immediately. It may hover slightly above or below 10 cents. It will remain there for a bit until the sale is official. It could be cash or stock deal in the buyout. The valuation of the buyout would be the same regardless.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.