that is because the next piece of news can change the direction of the company. Finance news will make a huge impact on the future. Think about it, They replaced all the OLD management and put in top level guys that have a great track record for a reason. I can bet my life the banks wanted to see some change at the top before they went ahead with the deal.
Everything I post is based on my opinion only. Do not buy or sell based on anything I post. Do your own DD.
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