What is wrong with NYX? Dropped $98 to $86 in 5 days!?

Answer 1

Did it occur to you that it might have been overpriced? $40 is probably a reasonable price.

Answer 2

If you like movement, you like what's going on (unless you're bullish).

NYX and NDAQ seem to be having troubles while CME and ICE seem to be cookin!

You just have to be careful as it looks like institutions are moving their monies. Plus, you've probably seen one of the big shareholders dumping his shares too.

I think it's related to the mergers especially since the recent declines are not sector wide, but stock specific.

The market often discounts buyers of other entities. In NYX's case, since the deal for Euronext appears to be going through, it looks like they're now discounting NYX's shares as maybe the market is not expecting as many synergies as originally anticipated.

At some point, buyers will step back in and the price should hold and resume it's uptrend to follow the sector. When? We'll have to see.

Hope that helps!

Answer 3

There has been arbitrage pressure on the stock due to the Euronext merger. NYX has been heavily shorted and people are playing on that.

If you're long, I'd hold on to the stock until the end of march when the merger should be complete. After that I expect this stock to be on fire, $150 by June end doesn't seem unrealistic.

Answer 4

You don't really think the New York Stock Exchange is worth $13 Billion, do you?

They just buy and sell a few shares and they make a few millions but that's about it.

With that kind of money you can buy Coca-Cola Enterprises (NYSE:CCE), United States Steel (NYSE:X), Intuit (NYSE:INTU) or even Hershey (NYSE:HSY)

Answer 5

One of the large shareholders has been selling all his shares. People are responding in a panic.