Table 2 Partial view of Expected daily Announcements per Stock

Stock

Date

Average Announcements per Stock (${\mu }_{\mathrm{DA}\sigma }$)

Standardized daily Announcements (${\mathrm{W}}_{\mathrm{DA}t}={\mathrm{DA}}_t/{\mu }_{\mathrm{DA}}$)

Expected Announcements (${\mathrm{E}}_{\mathrm{A}\sigma t}$)