Exactly. Good luck disaggregating the causes of the price drop which was just slightly more than the overall market drop.
If you could divine that, you would be very wealthy.
Sadly, the ‘conservative’ new media have undistinguished themselves recently when it comes to stock market moves with wokey firms.
With Bud Light, the media chased Anheiser-Busch’s USD-denominated stock under the BUD ticker. But they are a sub of a Belgian parent; the Euro-denominated stock should have been the focus to avoid FX movements.
Further, it’s sort of futile to look at stock price moves. AB’s foreign parent is majority controlled by two families. Anheuser-Busch InBev is controlled by Belgian families Vandamme, de Mévius and de Spoelberch, who as of 2015 owned a combined 28.6% of the company, and Brazilian investors Jorge Paulo Lemann, Carlos Alberto Sicupira and Marcel Telles, who owned 22.7% through their private investment firm 3G Capital.
Then, the new media couldn’t get straight a decline in the firm’s market value and a sales decline. That’s basic stuff.
There was also a fustercluck when SVB tanked, as the conservatives lambasted the wokey Chief Risk Officer…..eeeeexcept that she was a UK-based risk manager and not the CRO. Indeed, the CRO chair was vacant for months before the collapse.
…and if you point out their errors, you’re somehow playing for the other team. Go figya.