... of the crowd stock returns Company employees possess valuable information that can be used not only in internal budgeting and planning, but also in external disclosure and investor relations. ¹ Knowing how easily employees can share information through social media, many companies prohibit...

...Michael J. Jung; M. H. Franco Wong; X. Frank Zhang ABSTRACT We posit that a change in analyst interest in a firm is an early indicator of the firm's future fundamentals, capital market activities, and stock returns. We measure increases in analyst interest by obser.ving analysts who do not cover...