Yesterday, Ajax (AFCJF) has been eliminated from the Champions League following its home loss against Valencia, now finishing third in the group stage. The loss and resulting elimination came as a surprise to many investors, as Ajax had won its away game against Valencia convincingly by 3-0 and had led its group after winning its first two games.
Image source: Ajax
Investors initially sent the stock down to 18.20 euros, a decrease of 18.4% compared to the closing price before the game. This, while I called the stock at a price of 19.25 euros undervalued