I’m calling BS on Janney Capital & Barron’s
Wall Street analysts may not rank as low for “trust” as used car salesmen, but some of them are doing everything they can to attain parity.
Nike (NKE) closed at 4 p.m. on Thursday, Sept. 25 at $79.75.
Just minutes later Nike reported quarterly results that were well ahead of all estimates. This excerpt from the Business Wire alert shown below was time-stamped at 4:15 PM.
That superb news sent NKE shares surging in aftermarket trading. The stock gapped even higher pre-market last Friday morning. The opening print on September 26 came at $87.98, up $8.23 per share [+10.3%] from the previous day’s official closing price.
There is no shame in being wrong on a stock. What is unacceptable is to pretend you bought, sold or changed your opinion on it at a price that was no longer available in the real world. That is exactly what Janney Capital Markets and Barrons.com did during the past week.
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