Originally Posted by
ATNotts
That investors reacted by selling off shares in Jet2 at the shock (not) news that Meeson, age 75, should retire just shows the disconnect between 'the markets' and reality.
It's not quite like that. The share price is determined by the traders saying what they might buy, or sell, the shares at. In actual fact not a single share may have been traded at the previous or the new price, as it goes up and down. There are only a finite number of shares, if you want to buy one then someone has to be selling one. It's like looking up typical used car "prices" in the book, doesn't mean any have actually been sold at that price. Look for "volume" against a share price to find how many were actually sold on a given day.