Every time there's a huge major reaction, the stock always drops down around 25% on average it seems. I have no idea why this number in particular. it's so specific when it seems like it should be on a case-by-case basis right? Target was the most recent one but it happened throughout the first quarter with stocks going down by the same or similar amounts as well.
the only thing I can think of is… well, 25% is a quarter… if a stock missed its quarterly earnings, then maybe the market slashes off a quarter of the gains to compensate? who the fu k knows man
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