mydogchach wrote:The sector was due for a correction, not sure it happened the same day as the Zena deal - and the share price did drop after he deal was announced.
Zenabis financials were announced to be out yesterday - typical Zena, when the news is bad - wait until after closing on the last day. We'll see what it does to Hexo's share price.
Feb 12 hexo closed at 9.43 CAD.
Feb 15 closed famili day
Feb 16, day of the announcement, hexo closed at 11.52 and the run started right after the halt for the announcement.
Come on Dog, I did like your previous points.
not sure what you mean, but why stop at Feb 16?
Feb 17 10.78
Feb 18 9.81
Feb 23 9.46 - same price as Feb 12
Feb 26 8.85 - $ 2.67 lower than the announcement sp
Other than the pumptards on this board, Mr Market knew the $235 million Zena purchase was a bad business decision. You can't blame that drop all on market correction.