Business, 24.02.2020 17:23, liamgreene90
New Wings is a global wind power company. It recently declared results which were much lower than street expectations. Leading research houses changed the rating of the company's stock from a "buy" to a "sell." Despite this, the company's stock price appreciated outperforming the benchmark indices.
Which of the following, if true, would best explain this?
A.
The government announced new tax breaks for companies in the alternative energy business.
B.
Crude oil prices fell substantially during the period.
C.
The company's bond yields increased substantially.
D.
Some other energy companies also returned unimpressive profit numbers for the quarter.
E.
The CEO sold 5 percent of his entire personal holding in the company to finance a private purchase.
Answers: 1
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