Why Shares of Eros International Both Rose 42% and Fell 23% in One Day
It was a wild Monday for shareholders of Indian movie studio Eros International (NYSE: EROS). The stock initially rose 43% before cratering as much as 22.6%. By market close, investors were still down a painful 18%.
It appears that investors aren't certain how to process the news that Eros International is merging with privately held STX Entertainment.
It was an up and down day for Eros stock. Image source: Getty Images.
Source Fool.com
