The 'Dartboard' column: second-hand information and price pressure
Article Abstract:
A study of stock prices mentioned in the monthly 'Dartboard' column of the Wall Street Journal is presented. The stocks mentioned have shown above average trading volume and price gains following publication of the column, although the effects usually reverse withing 25 days. The effect is attributable to two factors: naive buyers using the column for investment advice and increased trading in the mentioned stocks due to information published in the column.
Publication Name: Journal of Financial and Quantitative Analysis
Subject: Business
ISSN: 0022-1090
Year: 1993
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Price volatility, trading volume, and market depth: evidence from futures markets
Article Abstract:
An analysis of the relationships among futures market variables is presented. Trading volume, price volatility and market depth in eight markets are examined. It is shown that volatility links to volume do not exhibit total information access. Unexpected volume shocks generate greater influence over volatility. In addition, the mitigation of large open interest with volatility validate market depth theories.
Publication Name: Journal of Financial and Quantitative Analysis
Subject: Business
ISSN: 0022-1090
Year: 1993
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