Retail Investors’ Contrarian Behavior Around News, Attention, and the Momentum Effect
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https://www.nber.org/papers/w34086
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资源简介：
Using a large and representative panel of U.S. brokerage accounts, we show that retail investors trade as contrarians after large earnings surprises, especially for loser stocks, and that such contrarian trading contributes to price momentum and post earnings announcement drift (PEAD). We show that
提供机构：
美国国家经济研究局
创建时间：
2025-08-01
