The Impact of Morningstar Five-Star Stock Ratings
DOI:
https://doi.org/10.58886/jfi.v8i1.2361Abstract
We examine the behavior of stocks whose ratings by Morningstar are up-graded to the highest Five Star category. Our findings show that these up-grades follow a period of poor performance, are met with significant negative responses, and seem to foretell slightly improved performance relative to the pre-up-grade period. Additionally, trading volume is markedly higher at Morningstar’s announcement.
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Published
2010-06-30
How to Cite
Namjoshi, Shantanu, and Kent Hickman. 2010. “The Impact of Morningstar Five-Star Stock Ratings”. Journal of Finance Issues 8 (1):38-42. https://doi.org/10.58886/jfi.v8i1.2361.
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Original Article