Market may not have liked the news, and ambiguous and misleading press release.
Are employees protest selling?
6 replies (most recent on top)
@a3 so the institutional holdings are still considered free float. The only non float is XOM portion
Very true that there's a downward pressure from oil price and emrket sentiment today in general but compared to the peers IMO dropped 1-1.5% more which is very unusual considering usually price move sup after layoff/efficiency announced.
Learn some stock market basic please !!!! You do realize that oil price is down today right ?
Yes, right to hate the company and/or feeling betrayed, but please make some sense......
@a1 FYI, that won't do a damn thing. Only 5% of Imperial outstanding shares are "free float". The rest are with EM, institutional investors, brokerage houses, financial institutions and employee saving plan and options.
PetroCan it is! Esso not worth the discount.
Dump the stock! Stop buying Esso!