CNBC CEO Interviews Impact Stock Performance

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Rupert Hargreaves
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The talking heads on CNBC attract their fair share of criticism, and as it turns out, this criticism is deserved. During October 2013, Y. Han (Andy) Kim and Felix Meschke published a paper within which they investigated whether media attention affects stock prices through the trading of individual investors. The study, entitled “CEO Interviews on CNBC” produced some very interesting results. CNBC interviews impact stock performance The key takeaway from the study was the fact that the 0-2 day trading window following a CEO interview on CNBC, the average cumulative abnormal stock return was 1.62%. However, prices exhibited a substantial revision of 1.08% over the…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk

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