Lawsuit but stock still goes up ?

https://finance.yahoo.com/news/bragar-eagel-squire-p-c-020000350.html

I dont get it. Stock news on WPG is a reminder the class action lawsuit theyre in and the stock still goes up ? Infact it broke out tremndously. Can anyone explain this to me ? thank you

 

The market is not concerned because most of these lawsuits never proceed. They appear to be still looking for a lead plaintiff, which is normally the case.

 

But if a company has a possible lawsuit that could be brought to them how people buy into something like that? Esp breaking out to multi month highs

 

Clearly the market is not worried. Most folks trading WPG are just riding the momentum short term. This stock is a short squeeze and small(ish) float play. If you actually see a headline where there is actually a lead plaintiff, there might be a little concern. Most of the stocks being run lately have horrible fundamentals. These stocks are about trading not investing.

 

Lawsuits are part of every business.
Does Walmart stock go down every day?

 

Since when does reality affect stock price?

I may be spending too much time on GME, AMC, BB, CLOV....

 

I wonder how many of these are like Slip and Falls.

 

Welcome to America. It's already baked into the cake.

https://ccbjournal.com/articles/fortune-500-total-cost-litigation-estimated-one-third-profits