Trading biopharmaceutical stocks after catastrophic ...

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abstract
This thesis analyzes volatility of small capitalization biopharmaceutical stocks after significant one-day price drops. Stock performances after one-day declines of ten percent or greater for companies in the NASDAQ Biotechnology Index were gathered from 2011-2012 to test for evidence of market overreaction. While no substantial evidence was found for overreaction, long-term performance suggested that traders underreact during the initial stock drop, with underreaction most prevalent in stocks seeing an initial one-day drop of at least twenty percent. Overreaction only appeared present when companies saw a stock drop due to negative pipeline results.
note:admin
Colorado College Honor Code upheld.
note:thesis
Senior Thesis -- Colorado College
note:thesis(displayLabel="Degree Name")
bachelor
note:thesis(displayLabel="Degree Type")
Bachelor of Arts
note:bibliography
Includes bibliographical references
note(displayLabel="Dataset Abstract")
note(displayLabel="Dataset Information")
genre(marcgt)
thesis
accessCondition:useAndReproduction
Copyright restrictions apply.
Physical Description
74 pages : illustrations (some color)

born digital

Name:Personal Role :Text(marcrelator)
creator

Ward, Daniel Elliott

Name:Personal Role :Text(marcrelator)
thesis advisor

Parco, Jim

Name:Corporate Role :Text(marcrt)
sponsor

Economics and Business

Name:Corporate
Colorado College
Role :Text(marcrt)
degree grantor

Subject
Biopharmaceutics

Title Information
Trading biopharmaceutical stocks after catastrophic one-day declines

Origin Information
Colorado College
(keyDate="yes")
2012

2012
Place:Text


Location (usage="primary display")
http://hdl.handle.net/10176/coccc:6758

Title Information:Alternative


Name:Personal
Role:Text
committee member

typeOfResource
text
Language:Text
English

Subject
Stock market analysis

Subject
Underreaction

Subject
Overreaction hypothesis

Subject
Efficient market hypothesis

Subject
Efficient market theory

Subject

Subject
2011-2012

SubjectName:Personal

SubjectName:Corporate
NASDAQ

Subject

identifier:Local
accessCondition:restrictionOnAccess
Record InformationlanguageOfCataloging:Text(ISO639-2B)
English
:Code(ISO639-2B)
eng