Is the death of a CHAIRMAN/FOUNDER of a certain company really affect the stock movement?
Let me now cite example like the death of the founder of Manila Bulletin, Emilio Yap, the price MB surge for a week.
And now the death of Yuchengco founder of RCB, yuchengco group of companies, it actually trigger the price action, it been two days already that the stock is having volume and the price is appreciating.
Now the question is why?
Maybe it has something to do with the power, who will take over with management of the company.
Here is the chart of RCB
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