you are never buying or selling a company; you are bidding and offering in a auction. Prices are not determined by products, earnings, CEOs, etc but solely on the amount someone is willing to pay or accept for that stock at any given moment. That person can make that decision based on a million different reasons, which you, cnbc, and I will never know. We try to guess, it was: earnings, product, employment report, interest rates, inflation, hongkong market, etc. But it might be the person likes stocks that begin with a "A".
Ever hear of Barbie dolls or elvis plates selling for $1000s? Same principle. Why do stocks go down? not enough buyers. Why do stocks go up? more buyers than sellers. |
