Hey y’all
Talking about BAE Systems. It corrected 20% after hours. No earnings. Positive news on an awarded contract.
I’m just racking my brain on what could cause such a violent and sudden correction on a company with a $90 billion market cap? That’s $18 billion wiped. Just cashed out? Can market movers move large stocks like this so violently and so suddenly on a whim? I feel like the answer is yes, but that just seems hard to believe.
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