The Wayward Co

Multiple Choice

The Wayward Co. announced last week that their unpopular CEO resigned. In response to this announcement, Wayward's stock price increased from $18 a share to $23 a share and has remained constant at that level. This is an example of a(n) :

A) over-reaction and correction.
B) inefficient market.
C) delayed reaction.
D) pre-activity action.
E) efficient market reaction.