What happens when stock breaks all time high?
So, let me ask you this, when a stock breaks an all-time high, what exactly is happening behind the scenes? Does it signify a major shift in the company's fundamentals, or is it more of a momentum play fueled by investors' enthusiasm? How do market participants react to such a milestone, and what strategies do they typically adopt? Moreover, what kind of impact does this have on the broader market, if any? I'm curious to understand the intricacies of this phenomenon and the various factors that come into play.