During January and February, the stock of Pigeon Couriers was trading at about $25.On March 1, the stock price began to rise until it hit $35 on March 14.On March 15, the company disclosed that earnings were up an unanticipated 15% compared to last year, and the stock price did not change.Explain how, in an efficient market, this is possible.

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The Answer of During January and February, the stock of Pigeon Couriers was trading at about $25.On March 1, the stock price began to rise until it hit $35 on March 14.On March 15, the company disclosed that earnings were up an unanticipated 15% compared to last year, and the stock price did not change.Explain how, in an efficient market, this is possible.

During January and February, the Stock of Pigeon Couriers Was