If there has ever been a time when the market has viewed everything with an optimistic lens, it has been the last six trading days. It seems that no matter what the company's news, its stock rises. Take Mosaic (MOS). Last week (7/16 and 7/17), the stock surged after reports that VALE was planning on making a $25 billion bid for the company. However, on Friday afternoon VALE disclosed in a regulatory filing that it had no plans to purchase MOS or any fertilizer company. While MOS sold off in reaction to the filing, it remains well above the levels that it was at prior to the leak of the VALE takeover rumors. Even though the main driver of the stock late last week turned out to be an inaccurate rumor, MOS is 10% more valuable today than it was prior to the leak.
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