Vernon Therapeutics stock is currently trading for $46.50/share. Tomorrow in a press release the company will publicize
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Question:
Vernon Therapeutics stock is currently trading for $46.50/share. Tomorrow in a press release the company will publicize a new drug that will cure the pandemic COVID-16. After the information becomes public the company's stock is expected to rise. Suppose that the next day the information becomes public, but the stock price does not increase. Provide at least 2 reasons why this might have happened.
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