How do you lose .51 cents from a downgrade from Outperform to Neutral
The company stock price is at rock bottom - not since 2001 collapse have we seen this price.
So my point is a ".51 cent" drop excessively overdone. We already know that the company and the industry are in the slumps, the price is already reflective of that status, so why would a Captain Obvious rating change to "Neutral' have any affect.
Tomorrow, there will be a whole new different reason why the stock goes up or down. Pure Emotion.