LEG down 8% Friday @ a 52 week low of 38.03. I found some interesting comments on SA about some reasons why.
S&P 500 is adding a couple new companies and moving LEG out to make room for them. Hence the 8% fall today as funds trading the S&P 500 must add the entrants and sell the departing.
LEG top 5 volume days in the last 52 weeks.
Dec. 17, 2021 34,694,445
Nov. 02, 2021 2,524,775
July 30, 2021 2,512,479
Oct. 29, 2021 2,373,365
Dec. 14, 2021 2, 096,608
Studies show that you should buy stocks getting getting kicked out, as all the bad news is in the price, and sell the stocks going in, as all the good news is in the stock.
These were comments from a few people on SA.
I just started a position two weeks ago and will be adding more Monday.
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