News Content, Investor Misreaction, and Stock Return Predictability
Hadzic, Muris and Weinbaum, David and Yehuda, Nir, News Content, Investor Misreaction, and Stock Return Predictability (September 2015). Available for download at SSRN: http://ssrn.com/abstract=2653920 “Using a large dataset of news releases, we study instances of investors’ mistaken reaction, or misreaction, to news. We define misreaction as stock prices moving in the direction opposite to the …