Using a web search engine such as Google, find either an earnings or dividend announcement for two different companies. Using a source such as big charts. com, determine the closing stock price for each company for each day during the five business days before and after the announcement. Using a separate worksheet for each company, prepare a line chart of its stock price movement.
Examine the charts for each company. Does the stock price appear to change as a consequence of their announcements? Explain why or why not.