As you can see Church & Dwight trades relatively stable throughout most days. However yesterday we can see the stock had a volatile morning which is unusual. The stock moved a bit more than normal overall due to it being a Fed day, so there was above average market volatility. You can also see there was a large spike in volume at the outset. I'm a bit cynical but it seems plausible to me that someone already knew Wednesday the news report would be released Thursday. Since the initial report came from a foreign source it's hard to speculate on specifics.
Either way after the company denied the rumors the stock fell back below $100. I'm partially excited and partially mad about this. I'm excited because it's a big compliment to have someone buyout a company you hold. I'm mad because I was hoping the shares would get back below $90 so I could add. It looks like that may be off the table for longer than I anticipated. C'est la vie.
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