Last Week, Janus Plastics Announced That They Had Developed a New

Multiple Choice

Last week, Janus Plastics announced that they had developed a new plastic container that was stronger and more durable and also easier to recycle. In response to this announcement, Janus' stock price rose from $23 a share to a high of $36 a share and then settled back to $27 a share. This is an example of a(n) :

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