Very confused...so why is the stock down over $3 today?steve Typically, in situations like this where a stock exceeds analyst expectations at earnings times, the stock drops because a good many of its investors were expecting it to exceed expectations by a considerably larger margin than it actually did.Seth Jayson had this to say: "Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FARO Technologies is outperform, with an average price target of $52.50."So the drop might also have something to do with this sentiment.Link to the above article: http://www.dailyfinance.com/2012/02/29/faro-technologies-out...
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Ma