On the same day, the Chairman and the CEO of the company, Steven Swank stated, “The new casino is ahead of schedule, and will finish within our budget range, even though we have added some very expensive details to make the experience more exciting.” The news seems to be very positive for the company.
However, the stock price seems to be acting in a totally different way. Yesterday it lost over 20% of its value. What happened? Don’t investors trust the company and they have started selling the stock?