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Noob question. Price goes up?

Posted by: redhd on Feb 29, 09:00 in response to Raven9167's post Gambit [GAMBI] has been pulled from its October 2016...

I'm trying to figure out, since the movie has been pushed back or cancelled, why would the stock price for the movie be going up $7.00 today, so far, since this announcement?

Why would people buy the stock now?

Why is the price going up? This is supposedly bad news for the stock, not me since Channing Tatum totally ruins this movie for me, yet it's price is rising.

Any thoughts?

Thanks

 





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