Period of digestion

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Period of digestion

The time period of often high volatility after a new issue is released when the trading price of the security is established by the market.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Period of Digestion

The time during which the price of a new issue's early trading on the secondary market fluctuates significantly. The period of digestion occurs as the market attempts to determine the new issue's appropriate market price.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Vessels also were removed at 12, 18, 24, 30, and 40 h and treated similarly, except that the contents of two vessels were bulked by species for the 30- and 40-h digestion periods.
Whether considering the entire data set (data from all digestion periods), or the data subset for the first 12 h (data from the 6- and 12-h digestion periods), the relationship between dry matter and starch digested is sufficiently strong (r = 0.99 and 0.81, respectively) to suggest that measurement of dry matter digestion will predict starch digestion (Table 3).
Correlation of dry matter, starch, and protein digested using data from all digestion periods ([dagger]) and using a subset of data from the 6- and 12-h digestion periods (5).