I saw news on tv PNB has good results but it not reflect on stock why?

I saw on news on tv PNB has good results, somthing that YoY, and Q1 good result than expectation, then I think this shars price will increase today but it not, why?

Thats because the market participants would have already discounted the news, and probably the stock would have reacted to the news even before the official announcement came in.

Besides it also depends on the street’s expectation of the results versus the actual results.

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Price discounts all news, read more about trading legends such as Jesse Livermore, etc… these guys are the ones from whom I learnt things like price discounts all news, etc.

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