It's quite common to read “X company did this to boost their stock price”, “Y company announced that for pump their stock” etc… I'm wondering how much of this is true. I've worked in a few publicly traded companies and people just don't care about the stock. I have never heard anyone talk about the daily price action or seen information about the stock. Most people don't even care about the earnings report.
I work in communication and we have screens all over the company to inform employees about the company's ongoings. Never has it been even discussed to throw up a stock chart on the screen. I have meetings with people all over the company and I have never stumbled into an office with people scrutinizing the stock price. I have never been asked to do anything “for the stock price”. I have never made a huge announcement and thought with my colleagues “let's see how the stock reacts”.
So here's my question: is the whole idea of companies keeping a close eye on the stock price overblown?
I know ultimately companies want the stock to go up, I'm questioning the idea of acting on anything for short term gains.
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