CNBC Coverage Impacts Stock Performance Part Two

Rupert Hargreaves

Published onSeptember 15, 2015

Updated on May 13, 2021

A few days ago I covered a 2013 study titled, “CEO Interviews on CNBC“, written by Y. Han (Andy) Kim and Felix Meschke, which looked at the relationship between media attention and the trading of individual investors.

The key takeaway from the study was the fact that the 0-2 day trading window following a CEO interview on CNBC, the average cumulative abnormal stock return was 1.62%. However, prices exhibited a substantial revision of 1.08% over the next ten trading days.

Y. Han (Andy) Kim and Felix Meschke’s paper isn’t the only study that has looked at the relationship between media attention and stock performance.

Impact of CNBC attention on stock prices — Impact of CNBC...

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

CNBC Coverage Impacts Stock Performance Part Two

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