Determine whether the performance of each of your U.S.-based MNCs is driven by the U.S. market? The stock is STMP.
Well i think performance of most of the shares in every stock exchanges is by its market and peoples emotions.
Here in STMP we can see that at march 11, 2020 due to coronavirus covid 19 pandemic the price which was trading was $ 117.29 but now it is $154.49. Market will defenitely respond to the emotions and market conditions.
It has also shown an increase in the short interest from 1,340,000 in march to 1,460,000 in april. A 9% increase after in covid pandemic.
This states how this stock is related with U.S. stock market.
Get Answers For Free
Most questions answered within 1 hours.