DAYS

Abnormal Returns

Abnormal Returns

Abnormal Returns

Abnormal Returns

-30

0.43%

-0.59%

1.07%

2.77%

-29

0.91%

0.00%

-2.03%

0.75%

-28

0.57%

0.72%

-2.08%

0.37%

-27

0.09%

-0.99%

-0.04%

-3.90%

-26

0.77%

-0.44%

-1.18%

1.78%

-25

-0.85%

0.26%

-2.01%

0.51%

-24

-0.34%

2.57%

0.43%

0.73%

-23

0.56%

-0.53%

-3.76%

4.28%

-22

0.62%

-0.57%

-1.82%

0.37%

-21

-1.42%

1.27%

-1.39%

-3.07%

-20

0.02%

0.70%

1.77%

0.39%

-19

0.37%

-0.07%

0.25%

1.81%

-18

-0.19%

-0.26%

-1.17%

-0.90%

-17

-0.24%

0.29%

-0.88%

-0.12%

-16

0.17%

-0.53%

-0.28%

3.23%

-15

-1.57%

-3.27%

-0.41%

-2.62%

-14

-0.50%

-1.71%

-0.60%

-1.41%

-13

0.30%

-0.64%

-0.10%

0.24%

-12

-0.79%

-0.72%

-1.21%

1.33%

-11

1.28%

-0.24%

-1.49%

-0.61%

-10

-0.31%

-1.76%

0.63%

-1.02%

-9

-3.15%

0.55%

-0.82%

2.11%

-8

1.13%

0.37%

0.94%

-0.11%

-7

2.37%

-0.39%

1.42%

2.82%

-6

1.87%

-0.30%

-0.98%

-0.09%

-5

-0.06%

1.10%

-0.64%

0.14%

-4

0.38%

-0.20%

-1.37%

-1.33%

-3

-0.52%

-0.66%

0.53%

-2.02%

-2

2.03%

-0.41%

-0.10%

2.35%

-1

-0.42%

-0.59%

0.42%

0.02%

0.49%

-0.97%

2.27%

0.44%

1.99%

-0.21%

1.95%

0.22%

-2.46%

0.30%

-1.96%

-1.86%

-0.51%

2.80%

-2.45%

0.05%

0.50%

0.17%

0.94%

0.50%

-0.63%

-0.43%

0.80%

-0.28%

0.54%

0.09%

-0.71%

-0.83%

1.50%

0.34%

1.16%

0.04%

0.43%

-0.29%

-0.36%

-0.64%

-2.65%

-1.38%

-1.39%

0.95%

10

-1.12%

-0.19%

-0.25%

0.88%

11

1.52%

-0.23%

-0.91%

0.45%

12

-0.19%

0.04%

-0.93%

1.49%

13

0.48%

-0.36%

0.74%

0.53%

14

1.02%

-1.86%

-1.16%

0.99%

15

1.28%

1.73%

0.36%

1.00%

Abnormal Returns
-0.39%
1.10%
1.53%
0.28%
0.92%
-1.01%
-0.08%
-2.09%
-0.98%
0.17%
-0.81%
-2.96%
0.13%
3.79%
4.17%
1.41%
-3.22%
-2.06%
-0.50%
0.82%
3.98%
0.01%
-0.44%
-0.29%
-1.39%
-0.51%
-1.73%
-0.35%
0.80%
-1.12%
-0.80%
0.99%
1.27%
-1.51%
1.82%
0.66%
1.43%
-0.51%
0.04%
-0.03%
0.13%
-1.90%
-1.95%
-0.42%
1.07%
-1.54%

0.28%

DAYS

Abnormal Returns

Abnormal Returns

Abnormal Returns

Abnormal Returns

-30

1.76%

0.57%

-1.03%

7.34%

-29

1.31%

-1.41%

-4.45%

4.13%

-28

-0.15%

0.84%

2.99%

0.38%

-27

2.41%

0.39%

-0.79%

3.48%

-26

3.72%

-0.68%

-3.08%

-1.14%

-25

1.35%

4.31%

-0.54%

-3.62%

-24

1.55%

0.18%

1.84%

-0.45%

-23

-1.01%

-1.37%

-0.97%

1.43%

-22

-6.30%

1.07%

-1.77%

-3.76%

-21

0.62%

-1.42%

-2.17%

3.97%

-20

4.97%

-0.06%

1.28%

2.05%

-19

5.84%

0.16%

-1.62%

1.47%

-18

3.72%

1.39%

-0.69%

-7.07%

-17

-1.05%

1.21%

-1.83%

-0.32%

-16

1.19%

-2.30%

3.26%

1.27%

-15

-2.80%

-0.77%

0.31%

0.07%

-14

-4.07%

-1.19%

-1.58%

-1.44%

-13

0.24%

-1.07%

-2.59%

0.71%

-12

2.49%

0.13%

-0.40%

-2.34%

-11

-0.04%

1.13%

-2.20%

-0.24%

-10

5.14%

-2.91%

2.07%

5.78%

-9

1.17%

-0.99%

0.15%

3.70%

-8

5.70%

4.16%

1.26%

2.03%

-7

-1.27%

-1.04%

-3.06%

0.02%

-6

-1.39%

0.73%

-2.66%

1.54%

-5

0.42%

1.24%

1.33%

-1.97%

-4

-0.80%

0.27%

-0.29%

4.62%

-3

4.09%

-0.02%

-1.89%

-1.75%

-2

0.09%

-0.67%

2.74%

0.10%

-1

-1.16%

2.34%

3.25%

-3.75%
-0.29%

4.30%

-2.55%

-4.79%

-0.94%

-1.21%

-5.20%

1.66%

2.39%

-1.06%

0.16%

-0.43%

-1.82%

-0.17%

0.62%

0.68%

2.77%

-1.70%

-3.37%

-0.68%

4.23%

-2.32%

-1.46%

-2.64%

1.26%

2.24%

0.33%

-1.63%

-3.57%

-1.01%

-1.34%

1.74%

4.49%

0.08%

-1.61%

3.16%

0.11%

0.86%

3.04%

-0.10%

10

0.03%

0.59%

2.33%

-0.16%

11

0.79%

-1.34%

-1.12%

1.30%

12

5.01%

-0.06%

-2.85%

4.32%

13

-2.68%

1.94%

2.54%

-1.38%

14

-2.72%

2.65%

-0.29%

-1.44%

15

1.77%

5.91%

1.93%

0.34%

Abnormal Returns
3.50%
2.28%
-0.33%
-3.90%
-2.08%
0.47%
-0.70%
0.23%
2.45%
0.33%
-2.20%
-2.19%
-1.91%
3.00%
1.40%
-0.44%
0.27%
1.61%
0.58%
2.42%
-0.36%
-3.15%
-0.26%
4.13%
0.87%
-2.29%
0.95%
0.25%
1.46%
-1.81%
3.05%
0.23%
5.00%
-0.20%
-0.77%
-3.13%
0.33%
-0.23%
0.24%
-1.55%
0.70%
-0.75%
1.50%
0.39%
2.24%
0.32%

-0.06%

DAYS

Abnormal Returns

Abnormal Returns

Abnormal Returns

Abnormal Returns

-30

1.19%

-0.49%

9.97%

-1.63%

-29

0.98%

-1.14%

0.63%

-1.60%

-28

-2.55%

2.94%

4.83%

-2.16%

-27

-4.30%

11.74%

-2.73%

-3.64%

-26

-1.47%

0.97%

1.63%

-3.89%

-25

0.19%

-5.00%

2.19%

-2.07%

-24

-1.33%

0.59%

-4.10%

1.37%

-23

-1.40%

-1.35%

-4.37%

-1.38%

-22

-2.44%

-1.51%

-0.65%

0.48%

-21

-0.98%

-1.10%

-3.85%

-6.15%

-20

6.71%

-2.08%

0.77%

1.28%

-19

1.90%

4.41%

1.90%

-8.34%

-18

3.78%

-0.86%

2.89%

-2.49%

-17

0.11%

-0.42%

-1.92%

-1.74%

-16

-0.84%

-1.26%

1.17%

-1.24%

-15

-1.30%

1.60%

-0.51%

4.93%

-14

5.86%

-0.90%

-0.37%

-0.79%

-13

-3.19%

2.70%

-0.64%

-4.54%

-12

-0.13%

-0.64%

-1.83%

1.77%

-11

-0.81%

1.03%

-1.41%

-3.15%

-10

2.44%

-0.97%

-4.82%

-10.02%

-9

-1.27%

-2.55%

-3.12%

-0.41%

-8

6.17%

0.41%

-3.18%

-0.39%

-7

0.69%

-0.84%

3.89%

0.85%

-6

-1.80%

-1.48%

-2.34%

-3.30%

-5

-2.84%

-3.52%

2.35%

-0.62%

-4

-1.30%

-0.35%

0.85%

2.71%

-3

-1.54%

-4.25%

3.01%

4.41%

-2

0.86%

0.02%

3.56%

1.20%

-1

-1.31%

-1.19%

8.05%

-1.58%

-5.05%

0.04%

0.76%

-1.33%

4.22%

-0.70%

-0.43%

0.80%

-3.16%

-1.10%

-3.66%

1.02%

-0.34%

1.37%

-4.14%

1.44%

-0.27%

0.79%

5.52%

4.62%

3.58%

2.28%

7.10%

0.96%

3.99%

-0.85%

-0.64%

1.49%

4.22%

-3.33%

-3.35%

-1.81%

1.24%

2.91%

-4.35%

3.74%

0.32%

-0.37%

-2.49%

2.32%

10

1.77%

-2.35%

-0.47%

-1.41%

11

3.01%

-1.48%

-1.50%

-2.03%

12

-1.14%

-1.38%

0.31%

-3.57%

13

2.54%

-2.06%

-6.44%

3.48%

14

1.31%

-2.64%

-1.97%

-0.09%

15

1.61%

3.73%

0.24%

-3.77%

-1.40%

DAYS

Abnormal Returns

Abnormal Returns

Abnormal Returns

Abnormal Returns

-30

-1.67%

0.92%

0.14%

-29

0.86%

-0.70%

-1.57%

-1.77%
2.01%

-28

0.97%

3.06%

3.26%

-1.45%
-0.04%

-27

0.30%

0.67%

1.94%

-26

-3.57%

-0.34%

-0.52%

2.41%

-25

-0.81%

0.17%

-1.52%

-2.34%

-24

-1.24%

1.35%

0.57%

-4.86%

-23

-0.75%

0.31%

0.90%

1.62%

-22

-2.22%

-0.46%

-1.58%

1.22%

-21

-2.42%

-1.04%

-0.81%

0.07%

-20

-1.80%

-1.09%

-0.94%

-0.25%

-19

-0.44%

4.16%

-1.09%

-1.08%

-18

5.20%

-1.32%

0.60%

1.88%

-17

5.52%

-1.37%

-2.21%

0.56%

-16

-0.68%

-2.08%

3.68%

-1.92%

-15

0.06%

1.78%

4.78%

1.36%

-14

-0.96%

-1.64%

-0.79%

-1.06%

-13

2.98%

0.06%

-0.94%

0.73%

-12

-2.09%

-1.31%

0.75%

1.04%

-11

-1.72%

0.93%

-2.75%

0.95%

-10

1.57%

0.29%

1.51%

-1.63%

-9

2.64%

0.71%

-0.98%

-1.55%

-8

0.12%

-0.76%

-3.97%

-1.29%

-7

1.17%

-1.42%

-3.07%

2.63%

-6

1.02%

0.70%

-3.10%

1.17%

-5

2.94%

0.44%

-1.33%

-1.18%

-4

-0.46%

0.43%

2.56%

-0.52%

-3

-2.37%

1.68%

-0.84%

-2.38%

-2

0.11%

-1.53%

-0.14%

-0.26%

-1

-1.54%

3.38%

1.50%

-4.50%

2.08%

-0.49%

-1.23%

-1.31%

-0.18%

1.49%

-0.16%

-0.23%

-0.81%

-2.50%

-0.52%

-2.18%

-0.99%

-0.88%

1.23%

0.03%

0.29%

-0.84%

-1.71%

-0.53%

-1.22%

3.71%

0.01%

0.46%

0.07%

0.84%

0.23%

0.89%

-0.53%

2.53%

-1.61%

-2.55%

-4.45%

-0.34%

-2.25%

-3.35%

3.66%

0.57%

0.26%

3.44%

10

2.49%

0.01%

0.36%

-0.25%

11

-1.28%

0.43%

1.03%

0.43%

12

-1.15%

0.26%

-1.43%

6.54%

13

-4.65%

-0.23%

-0.66%

3.17%

14

-6.79%

-1.30%

0.48%

-4.11%

15

6.07%

0.82%

5.09%

1.58%

-0.24%

DAYS

Abnormal Returns

Abnormal Returns

Abnormal Returns

Abnormal Returns

-30

0.36%

-0.34%

-0.30%

2.40%

-29

0.04%

0.42%

2.48%

4.28%

-28

0.28%

1.75%

12.31%

2.02%

-27

-0.87%

-0.78%

-3.31%

-1.02%

-26

-0.90%

-0.93%

-1.09%

0.93%

-25

0.02%

0.52%

9.47%

-0.10%

-24

-0.08%

-0.83%

-4.74%

-1.90%

-23

0.08%

0.34%

0.30%

6.45%

-22

-2.01%

0.25%

-2.68%

-3.70%

-21

-0.35%

-2.85%

-2.40%

-7.33%

-20

0.22%

1.29%

-0.90%

1.34%

-19

1.71%

-2.25%

-5.85%

-0.37%

-18

1.31%

-0.40%

3.98%

3.61%

-17

-0.04%

2.06%

-1.10%

1.94%

-16

-0.91%

-1.23%

9.28%

7.02%

-15

-0.14%

-0.52%

-4.34%

0.32%

-14

-1.67%

-1.16%

4.09%

0.36%

-13

0.75%

-1.32%

-0.47%

-1.57%

-12

0.38%

-3.25%

-1.67%

-4.28%

-11

-0.31%

2.42%

-2.02%

1.21%

-10

-0.95%

1.29%

-0.70%

1.21%

-9

0.46%

-1.31%

2.03%

-0.41%

-8

-1.90%

-0.02%

-2.57%

-2.54%

-7

-2.33%

-2.16%

3.09%

2.25%

-6

-0.08%

0.14%

10.62%

-0.20%

-5

1.10%

0.95%

25.37%

-2.49%

-4

-0.93%

-0.12%

-5.72%

-2.29%

-3

1.35%

-3.11%

4.80%

0.27%

-2

-2.25%

-1.54%

3.91%

0.18%

-1

5.61%

-0.39%

-0.73%

-1.65%

-0.74%

4.02%

1.71%

-2.83%

2.70%

-1.64%

-0.49%

-1.26%

-0.37%

1.15%

4.39%

7.16%

0.13%

-0.56%

1.74%

3.87%

-1.95%

5.01%

-4.69%

-1.68%

-0.58%

-2.41%

-1.25%

2.09%

5.98%

-0.63%

6.30%

1.32%

0.60%

0.32%

-4.82%

8.03%

0.14%

0.33%

-5.34%

-5.90%

5.81%

0.15%

4.60%

-3.31%

10

0.08%

-0.54%

-3.51%

2.61%

11

-1.78%

-0.57%

-1.37%

3.51%

12

1.08%

0.69%

-5.70%

-1.36%

13

-0.62%

-0.65%

-1.10%

-0.57%

14

-0.59%

-2.04%

3.98%

0.98%

15

-5.71%

-0.25%

-6.26%

0.24%

Abnormal Returns
1.89%
4.08%
-2.80%
-1.16%
2.15%
-1.90%
-1.97%
-2.83%
2.47%
5.28%
2.06%
-2.81%
-2.15%
-1.01%
-1.08%
3.23%
-1.35%
-0.49%
-0.43%
0.18%
-0.49%
-0.04%
3.16%
1.62%
-0.89%
-1.61%
-1.47%
-3.14%
0.27%
1.83%
-0.46%
2.02%
-0.10%
0.61%
-3.63%
2.63%
5.90%
-1.57%
1.94%
0.15%
-0.74%
0.53%
-0.98%
1.59%
0.15%
0.34%

0.34%

DAYS

Abnormal Returns

Abnormal Returns

Abnormal Returns

Abnormal Returns

-30

-0.59%

-1.40%

-5.89%

-1.63%

-29

-3.45%

-0.25%

3.29%

-0.62%

-28

-0.22%

3.15%

3.56%

-1.63%

-27

-0.17%

4.12%

-0.36%

-3.88%

-26

6.37%

-0.33%

-3.28%

2.19%

-25

1.22%

-1.07%

-1.67%

1.93%

-24

1.97%

0.41%

3.13%

3.69%

-23

2.11%

-0.34%

0.02%

-1.21%

-22

-0.45%

1.67%

-4.26%

1.76%

-21

-0.50%

3.65%

4.42%

-1.14%

-20

1.99%

0.79%

6.46%

-3.27%

-19

-3.35%

3.36%

-2.80%

0.09%

-18

3.38%

3.02%

5.04%

-4.32%

-17

-0.47%

-0.44%

1.54%

1.52%

-16

-0.19%

-0.08%

0.11%

5.13%

-15

-0.30%

0.84%

1.47%

-3.38%

-14

0.39%

0.42%

-2.17%

0.02%

-13

0.68%

1.37%

0.43%

-1.32%
-2.85%

-12

1.33%

0.97%

1.39%

-11

-1.56%

-0.50%

-0.79%

4.08%

-10

0.20%

1.13%

-1.10%

-2.81%

-9

-0.31%

-0.33%

0.30%

11.79%

-8

-0.10%

0.77%

-4.32%

0.98%

-7

0.06%

0.40%

1.31%

-2.82%

-6

0.43%

0.06%

2.28%

0.91%

-5

-1.17%

-0.22%

0.34%

-2.78%

-4

1.41%

1.21%

6.28%

-2.98%

-3

-1.50%

-0.81%

2.01%

0.57%

-2

-2.12%

-0.42%

-1.32%

-0.57%

-1

-0.59%

-0.31%

-0.58%

-0.49%

1.66%

-0.91%

-3.98%

4.12%

1.29%

-0.66%

5.23%

1.36%

-0.28%

-1.29%

5.83%

1.72%

0.73%

0.07%

-2.00%

3.25%

-0.18%

-0.66%

1.77%

6.30%

0.70%

0.63%

-3.14%

0.37%

2.53%

3.55%

-1.01%

-1.33%

1.53%

-3.08%

3.01%

0.50%

-9.34%

-5.66%

-1.69%

-1.28%

2.10%

0.85%

-0.38%

8.88%

10

1.71%

0.06%

0.65%

-0.91%

11

1.03%

-0.66%

-3.90%

2.65%

12

4.13%

0.79%

-0.69%

1.23%

13

0.46%

0.30%

-0.21%

-0.21%

14

-0.02%

-0.25%

1.89%

-3.18%

15

-3.07%

-1.09%

-2.98%

0.77%

Abnormal Returns
3.42%
1.50%
2.19%
1.50%
-1.08%
2.32%
0.66%
-0.94%
-0.16%
3.28%
6.19%
0.75%
-0.79%
1.01%
0.79%
-1.07%
-1.90%
2.02%
8.05%
0.97%
-3.44%
-0.69%
1.63%
-0.26%
0.94%
5.72%
-1.82%
-1.13%
0.43%
-0.63%
-1.37%
1.01%
0.37%
2.07%
0.16%
1.32%
0.22%
-0.44%
2.20%
4.10%
-2.14%
1.45%
2.35%
2.98%
4.45%
0.39%

-0.10%

DAYS

Abnormal Returns

Abnormal Returns

Abnormal Returns

Abnormal Returns

-30

0.55%

6.82%

2.01%

2.85%

-29

-2.10%

-5.01%

3.20%

-3.05%

-28

1.10%

2.87%

2.95%

1.50%

-27

-0.03%

-3.27%

-0.52%

-8.42%

-26

-1.72%

1.70%

4.28%

-1.63%

-25

0.55%

-0.57%

-0.14%

-0.90%

-24

-0.98%

-1.72%

6.50%

-0.26%

-23

-0.09%

-0.37%

-4.25%

-0.05%

-22

-0.38%

-0.82%

-0.82%

-1.41%

-21

-1.16%

-6.17%

-3.18%

0.80%

-20

3.50%

1.69%

4.74%

3.68%

-19

0.85%

-0.62%

0.97%

1.17%

-18

5.13%

-2.79%

2.77%

-0.51%

-17

-0.78%

2.82%

2.17%

-1.45%

-16

-2.11%

-0.06%

2.96%

0.71%

-15

0.15%

0.61%

-0.79%

0.62%

-14

1.25%

-3.62%

-1.22%

0.64%

-13

-1.08%

2.94%

0.14%

3.86%

-12

-1.06%

-0.01%

-0.86%

-2.84%

-11

-2.18%

0.82%

0.35%

1.36%

-10

-3.16%

0.29%

-2.65%

-1.59%

-9

1.92%

1.40%

-5.50%

3.20%

-8

0.84%

0.51%

2.68%

-0.16%

-7

-1.83%

8.76%

0.01%

1.16%

-6

-2.56%

-3.83%

1.54%

-2.80%

-5

-1.61%

-0.95%

2.12%

1.22%

-4

-0.91%

-4.45%

-0.31%

-0.69%

-3

1.26%

2.08%

-0.50%

0.98%

-2

-0.35%

0.51%

0.90%

0.06%

-1

1.40%

-2.17%

2.60%

-2.13%

-2.26%

1.43%

0.79%

0.74%

3.41%

-2.30%

1.65%

0.21%

0.09%

-0.17%

-3.09%

-0.26%

-2.96%

1.88%

-0.65%

1.05%

0.29%

1.02%

1.54%

-1.40%

-0.82%

1.58%

1.90%

0.45%

0.11%

-1.10%

-0.72%

1.30%

-0.84%

-1.27%

-1.93%

-0.32%

-0.48%

-3.50%

1.68%

-0.56%

2.19%

-1.18%

2.14%

-0.98%

10

-0.65%

-0.07%

-1.31%

0.65%

11

-2.39%

-1.44%

1.01%

0.57%

12

-3.06%

1.42%

1.85%

4.02%

13

-0.77%

-0.96%

-3.36%

1.23%

14

-1.78%

0.15%

0.96%

-1.18%

15

1.91%

1.93%

-1.99%

-2.50%

0.18%

DAYS

Abnormal Returns

Abnormal Returns

Abnormal Returns

Abnormal Returns

-30

-3.20%

0.34%

-1.49%

3.97%

-29

-3.52%

-2.01%

-2.33%

-1.13%

-28

-3.00%

3.04%

-3.56%

-1.34%

-27

-1.12%

2.56%

-0.10%

-1.37%

-26

-0.22%

0.69%

0.12%

-5.25%

-25

0.45%

-2.85%

0.19%

-2.17%

-24

-0.29%

0.79%

-6.14%

0.28%

-23

-0.45%

-0.20%

-0.01%

2.62%

-22

1.33%

0.11%

0.05%

3.03%

-21

0.66%

-1.68%

-3.49%

-2.42%

-20

-16.77%

-5.87%

0.38%

-0.94%

-19

-3.35%

1.79%

-0.15%

2.39%

-18

0.24%

0.81%

-2.44%

4.71%

-17

-0.36%

1.01%

0.19%

1.44%

-16

4.12%

1.11%

0.77%

-4.27%

-15

-3.04%

0.59%

-2.17%

3.77%

-14

1.70%

-0.74%

0.63%

-2.59%

-13

-2.77%

-0.39%

-1.63%

0.33%

-12

-4.77%

-0.59%

-0.86%

1.99%

-11

2.48%

0.11%

0.29%

-0.65%

-10

-3.03%

0.56%

-1.06%

1.83%

-9

0.77%

1.67%

8.17%

-0.14%

-8

6.96%

0.00%

-1.31%

-1.65%

-7

1.09%

-1.28%

1.39%

-3.01%

-6

12.74%

2.12%

2.97%

-1.92%

-5

1.50%

-0.69%

-2.87%

-3.11%

-4

0.14%

-1.60%

-2.06%

2.30%

-3

-2.83%

2.13%

-1.34%

0.77%

-2

2.14%

-1.01%

-1.67%

0.32%

-1

-1.21%

0.20%

2.02%

0.25%

-1.81%

0.46%

0.19%

-1.75%

0.95%

0.37%

-0.74%

-1.18%

-1.56%

-2.15%

-4.64%

-1.01%

-7.32%

-2.43%

-2.77%

-2.27%

2.09%

-2.53%

-0.84%

-1.81%

-0.40%

1.65%

-3.17%

-6.18%

-0.03%

-1.25%

-1.79%

-1.02%

0.66%

-0.89%

-0.78%

-2.51%

0.14%

3.15%

-2.45%

1.46%

-4.54%

2.14%

1.47%

0.12%

10

-1.87%

2.76%

-2.30%

2.97%

11

-1.03%

0.44%

1.72%

1.04%

12

2.24%

-1.02%

2.86%

0.77%

13

4.25%

0.62%

-0.73%

-0.56%

14

0.34%

-2.53%

0.15%

-1.17%

15

-1.74%

-2.74%

-3.76%

-1.61%

Abnormal Returns
-2.79%
2.85%
0.71%
-1.85%
-2.36%
-3.56%
0.12%
1.49%
3.45%
4.46%
1.02%
2.90%
-0.75%
0.24%
-5.89%
0.82%
4.85%
-2.82%
0.79%
-3.83%
3.67%
-1.27%
5.31%
-4.32%
1.70%
-3.65%
2.92%
1.31%
-3.49%
0.03%
-0.71%
-0.26%
2.99%
2.15%
-1.47%
-0.43%
-1.37%
-1.80%
0.05%
-0.88%
-1.43%
3.32%
0.60%
-4.05%
2.18%
-2.88%

-0.73%

DAYS

EVENT 3

EVENT 4

EVENT 6

EVENT 7

-30

EVENT 1
0.43%

EVENT 2
-0.59%

1.07%

2.77%

EVENT 5
-0.39%

1.76%

0.57%

EVENT 8
-1.03%

-29

0.91%

0.00%

-2.03%

0.75%

1.10%

1.31%

-1.41%

-4.45%

-28

0.57%

0.72%

-2.08%

0.37%

1.53%

-0.15%

0.84%

2.99%

-27

0.09%

-0.99%

-0.04%

-3.90%

0.28%

2.41%

0.39%

-0.79%

-26

0.77%

-0.44%

-1.18%

1.78%

0.92%

3.72%

-0.68%

-3.08%

-25

-0.85%

0.26%

-2.01%

0.51%

-1.01%

1.35%

4.31%

-0.54%

-24

-0.34%

2.57%

0.43%

0.73%

-0.08%

1.55%

0.18%

1.84%

-23

0.56%

-0.53%

-3.76%

4.28%

-2.09%

-1.01%

-1.37%

-0.97%

-22

0.62%

-0.57%

-1.82%

0.37%

-0.98%

-6.30%

1.07%

-1.77%

-21

-1.42%

1.27%

-1.39%

-3.07%

0.17%

0.62%

-1.42%

-2.17%

-20

0.02%

0.70%

1.77%

0.39%

-0.81%

4.97%

-0.06%

1.28%

-19

0.37%

-0.07%

0.25%

1.81%

-2.96%

5.84%

0.16%

-1.62%

-18

-0.19%

-0.26%

-1.17%

-0.90%

0.13%

3.72%

1.39%

-0.69%

-17

-0.24%

0.29%

-0.88%

-0.12%

3.79%

-1.05%

1.21%

-1.83%

-16

0.17%

-0.53%

-0.28%

3.23%

4.17%

1.19%

-2.30%

3.26%

-15

-1.57%

-3.27%

-0.41%

-2.62%

1.41%

-2.80%

-0.77%

0.31%

-14

-0.50%

-1.71%

-0.60%

-1.41%

-3.22%

-4.07%

-1.19%

-1.58%

-13

0.30%

-0.64%

-0.10%

0.24%

-2.06%

0.24%

-1.07%

-2.59%

-12

-0.79%

-0.72%

-1.21%

1.33%

-0.50%

2.49%

0.13%

-0.40%

-11

1.28%

-0.24%

-1.49%

-0.61%

0.82%

-0.04%

1.13%

-2.20%

-10

-0.31%

-1.76%

0.63%

-1.02%

3.98%

5.14%

-2.91%

2.07%

-9

-3.15%

0.55%

-0.82%

2.11%

0.01%

1.17%

-0.99%

0.15%

-8

1.13%

0.37%

0.94%

-0.11%

-0.44%

5.70%

4.16%

1.26%

-7

2.37%

-0.39%

1.42%

2.82%

-0.29%

-1.27%

-1.04%

-3.06%

-6

1.87%

-0.30%

-0.98%

-0.09%

-1.39%

-1.39%

0.73%

-2.66%

-5

-0.06%

1.10%

-0.64%

0.14%

-0.51%

0.42%

1.24%

1.33%

-4

0.38%

-0.20%

-1.37%

-1.33%

-1.73%

-0.80%

0.27%

-0.29%

-3

-0.52%

-0.66%

0.53%

-2.02%

-0.35%

4.09%

-0.02%

-1.89%

-2

2.03%

-0.41%

-0.10%

2.35%

0.80%

0.09%

-0.67%

2.74%

-1

-0.42%

-0.59%

0.42%

0.02%

-1.12%

-1.16%

2.34%

3.25%

0.49%

-0.97%

2.27%

0.44%

-0.80%

4.30%

-2.55%

-4.79%

1.99%

-0.21%

1.95%

0.22%

0.99%

-0.94%

-1.21%

-5.20%

-2.46%

0.30%

-1.96%

-1.86%

1.27%

2.39%

-1.06%

0.16%

-0.51%

2.80%

-2.45%

0.05%

-1.51%

-1.82%

-0.17%

0.62%

0.50%

0.17%

0.94%

0.50%

1.82%

2.77%

-1.70%

-3.37%

-0.63%

-0.43%

0.80%

-0.28%

0.66%

4.23%

-2.32%

-1.46%

0.54%

0.09%

-0.71%

-0.83%

1.43%

1.26%

2.24%

0.33%

1.50%

0.34%

1.16%

0.04%

-0.51%

-3.57%

-1.01%

-1.34%

0.43%

-0.29%

-0.36%

-0.64%

0.04%

4.49%

0.08%

-1.61%

-2.65%

-1.38%

-1.39%

0.95%

-0.03%

0.11%

0.86%

3.04%

10

-1.12%

-0.19%

-0.25%

0.88%

0.13%

0.03%

0.59%

2.33%

11

1.52%

-0.23%

-0.91%

0.45%

-1.90%

0.79%

-1.34%

-1.12%

12

-0.19%

0.04%

-0.93%

1.49%

-1.95%

5.01%

-0.06%

-2.85%

13

0.48%

-0.36%

0.74%

0.53%

-0.42%

-2.68%

1.94%

2.54%

14

1.02%

-1.86%

-1.16%

0.99%

1.07%

-2.72%

2.65%

-0.29%

15

1.28%

1.73%

0.36%

1.00%

-1.54%

1.77%

5.91%

1.93%

EVENT 9

EVENT 12

EVENT 13

7.34%

EVENT 10
3.50%

EVENT 11
1.19%

-0.49%

9.97%

EVENT 14
-1.63%

EVENT 15
-1.67%

EVENT 16
0.92%

4.13%

2.28%

0.98%

-1.14%

0.63%

-1.60%

0.86%

-0.70%

0.38%

-0.33%

-2.55%

2.94%

4.83%

-2.16%

0.97%

3.06%

3.48%

-3.90%

-4.30%

11.74%

-2.73%

-3.64%

0.30%

0.67%

-1.14%

-2.08%

-1.47%

0.97%

1.63%

-3.89%

-3.57%

-0.34%

-3.62%

0.47%

0.19%

-5.00%

2.19%

-2.07%

-0.81%

0.17%

-0.45%

-0.70%

-1.33%

0.59%

-4.10%

1.37%

-1.24%

1.35%

1.43%

0.23%

-1.40%

-1.35%

-4.37%

-1.38%

-0.75%

0.31%

-3.76%

2.45%

-2.44%

-1.51%

-0.65%

0.48%

-2.22%

-0.46%

3.97%

0.33%

-0.98%

-1.10%

-3.85%

-6.15%

-2.42%

-1.04%

2.05%

-2.20%

6.71%

-2.08%

0.77%

1.28%

-1.80%

-1.09%

1.47%

-2.19%

1.90%

4.41%

1.90%

-8.34%

-0.44%

4.16%

-7.07%

-1.91%

3.78%

-0.86%

2.89%

-2.49%

5.20%

-1.32%

-0.32%

3.00%

0.11%

-0.42%

-1.92%

-1.74%

5.52%

-1.37%

1.27%

1.40%

-0.84%

-1.26%

1.17%

-1.24%

-0.68%

-2.08%

0.07%

-0.44%

-1.30%

1.60%

-0.51%

4.93%

0.06%

1.78%

-1.44%

0.27%

5.86%

-0.90%

-0.37%

-0.79%

-0.96%

-1.64%

0.71%

1.61%

-3.19%

2.70%

-0.64%

-4.54%

2.98%

0.06%

-2.34%

0.58%

-0.13%

-0.64%

-1.83%

1.77%

-2.09%

-1.31%

-0.24%

2.42%

-0.81%

1.03%

-1.41%

-3.15%

-1.72%

0.93%

5.78%

-0.36%

2.44%

-0.97%

-4.82%

-10.02%

1.57%

0.29%

3.70%

-3.15%

-1.27%

-2.55%

-3.12%

-0.41%

2.64%

0.71%

2.03%

-0.26%

6.17%

0.41%

-3.18%

-0.39%

0.12%

-0.76%

0.02%

4.13%

0.69%

-0.84%

3.89%

0.85%

1.17%

-1.42%

1.54%

0.87%

-1.80%

-1.48%

-2.34%

-3.30%

1.02%

0.70%

-1.97%

-2.29%

-2.84%

-3.52%

2.35%

-0.62%

2.94%

0.44%

4.62%

0.95%

-1.30%

-0.35%

0.85%

2.71%

-0.46%

0.43%

-1.75%

0.25%

-1.54%

-4.25%

3.01%

4.41%

-2.37%

1.68%

0.10%

1.46%

0.86%

0.02%

3.56%

1.20%

0.11%

-1.53%

-3.75%

-1.81%

-1.31%

-1.19%

8.05%

-1.58%

-1.54%

3.38%

-0.29%

3.05%

-5.05%

0.04%

0.76%

-1.33%

2.08%

-0.49%

1.66%

0.23%

4.22%

-0.70%

-0.43%

0.80%

-0.18%

1.49%

-0.43%

5.00%

-3.16%

-1.10%

-3.66%

1.02%

-0.81%

-2.50%

0.68%

-0.20%

-0.34%

1.37%

-4.14%

1.44%

-0.99%

-0.88%

-0.68%

-0.77%

-0.27%

0.79%

5.52%

4.62%

0.29%

-0.84%

-2.64%

-3.13%

3.58%

2.28%

7.10%

0.96%

-1.22%

3.71%

-1.63%

0.33%

3.99%

-0.85%

-0.64%

1.49%

0.07%

0.84%

1.74%

-0.23%

4.22%

-3.33%

-3.35%

-1.81%

-0.53%

2.53%

3.16%

0.24%

1.24%

2.91%

-4.35%

3.74%

-4.45%

-0.34%

-0.10%

-1.55%

0.32%

-0.37%

-2.49%

2.32%

3.66%

0.57%

-0.16%

0.70%

1.77%

-2.35%

-0.47%

-1.41%

2.49%

0.01%

1.30%

-0.75%

3.01%

-1.48%

-1.50%

-2.03%

-1.28%

0.43%

4.32%

1.50%

-1.14%

-1.38%

0.31%

-3.57%

-1.15%

0.26%

-1.38%

0.39%

2.54%

-2.06%

-6.44%

3.48%

-4.65%

-0.23%

-1.44%

2.24%

1.31%

-2.64%

-1.97%

-0.09%

-6.79%

-1.30%

0.34%

0.32%

1.61%

3.73%

0.24%

-3.77%

6.07%

0.82%

EVENT 17

EVENT 23

EVENT 24

0.14%

EVENT 18
-1.77%

EVENT 19
0.36%

EVENT 20
-0.34%

EVENT 21
-0.30%

EVENT 22
2.40%

1.89%

-0.59%

-1.57%

2.01%

0.04%

0.42%

2.48%

4.28%

4.08%

-3.45%

3.26%

-1.45%

0.28%

1.75%

12.31%

2.02%

-2.80%

-0.22%

1.94%

-0.04%

-0.87%

-0.78%

-3.31%

-1.02%

-1.16%

-0.17%

-0.52%

2.41%

-0.90%

-0.93%

-1.09%

0.93%

2.15%

6.37%

-1.52%

-2.34%

0.02%

0.52%

9.47%

-0.10%

-1.90%

1.22%

0.57%

-4.86%

-0.08%

-0.83%

-4.74%

-1.90%

-1.97%

1.97%

0.90%

1.62%

0.08%

0.34%

0.30%

6.45%

-2.83%

2.11%

-1.58%

1.22%

-2.01%

0.25%

-2.68%

-3.70%

2.47%

-0.45%

-0.81%

0.07%

-0.35%

-2.85%

-2.40%

-7.33%

5.28%

-0.50%

-0.94%

-0.25%

0.22%

1.29%

-0.90%

1.34%

2.06%

1.99%

-1.09%

-1.08%

1.71%

-2.25%

-5.85%

-0.37%

-2.81%

-3.35%

0.60%

1.88%

1.31%

-0.40%

3.98%

3.61%

-2.15%

3.38%

-2.21%

0.56%

-0.04%

2.06%

-1.10%

1.94%

-1.01%

-0.47%

3.68%

-1.92%

-0.91%

-1.23%

9.28%

7.02%

-1.08%

-0.19%

4.78%

1.36%

-0.14%

-0.52%

-4.34%

0.32%

3.23%

-0.30%

-0.79%

-1.06%

-1.67%

-1.16%

4.09%

0.36%

-1.35%

0.39%

-0.94%

0.73%

0.75%

-1.32%

-0.47%

-1.57%

-0.49%

0.68%

0.75%

1.04%

0.38%

-3.25%

-1.67%

-4.28%

-0.43%

1.33%

-2.75%

0.95%

-0.31%

2.42%

-2.02%

1.21%

0.18%

-1.56%

1.51%

-1.63%

-0.95%

1.29%

-0.70%

1.21%

-0.49%

0.20%

-0.98%

-1.55%

0.46%

-1.31%

2.03%

-0.41%

-0.04%

-0.31%

-3.97%

-1.29%

-1.90%

-0.02%

-2.57%

-2.54%

3.16%

-0.10%

-3.07%

2.63%

-2.33%

-2.16%

3.09%

2.25%

1.62%

0.06%

-3.10%

1.17%

-0.08%

0.14%

10.62%

-0.20%

-0.89%

0.43%

-1.33%

-1.18%

1.10%

0.95%

25.37%

-2.49%

-1.61%

-1.17%

2.56%

-0.52%

-0.93%

-0.12%

-5.72%

-2.29%

-1.47%

1.41%

-0.84%

-2.38%

1.35%

-3.11%

4.80%

0.27%

-3.14%

-1.50%

-0.14%

-0.26%

-2.25%

-1.54%

3.91%

0.18%

0.27%

-2.12%

1.50%

-4.50%

5.61%

-0.39%

-0.73%

-1.65%

1.83%

-0.59%

-1.23%

-1.31%

-0.74%

4.02%

1.71%

-2.83%

-0.46%

1.66%

-0.16%

-0.23%

2.70%

-1.64%

-0.49%

-1.26%

2.02%

1.29%

-0.52%

-2.18%

-0.37%

1.15%

4.39%

7.16%

-0.10%

-0.28%

1.23%

0.03%

0.13%

-0.56%

1.74%

3.87%

0.61%

0.73%

-1.71%

-0.53%

-1.95%

5.01%

-4.69%

-1.68%

-3.63%

-0.18%

0.01%

0.46%

-0.58%

-2.41%

-1.25%

2.09%

2.63%

0.70%

0.23%

0.89%

5.98%

-0.63%

6.30%

1.32%

5.90%

2.53%

-1.61%

-2.55%

0.60%

0.32%

-4.82%

8.03%

-1.57%

1.53%

-2.25%

-3.35%

0.14%

0.33%

-5.34%

-5.90%

1.94%

-9.34%

0.26%

3.44%

5.81%

0.15%

4.60%

-3.31%

0.15%

2.10%

0.36%

-0.25%

0.08%

-0.54%

-3.51%

2.61%

-0.74%

1.71%

1.03%

0.43%

-1.78%

-0.57%

-1.37%

3.51%

0.53%

1.03%

-1.43%

6.54%

1.08%

0.69%

-5.70%

-1.36%

-0.98%

4.13%

-0.66%

3.17%

-0.62%

-0.65%

-1.10%

-0.57%

1.59%

0.46%

0.48%

-4.11%

-0.59%

-2.04%

3.98%

0.98%

0.15%

-0.02%

5.09%

1.58%

-5.71%

-0.25%

-6.26%

0.24%

0.34%

-3.07%

EVENT 25

EVENT 27

EVENT 28

EVENT 29

EVENT 30

EVENT 31

-1.40%

EVENT 26
-5.89%

-1.63%

3.42%

0.55%

6.82%

2.01%

EVENT 32
2.85%

-0.25%

3.29%

-0.62%

1.50%

-2.10%

-5.01%

3.20%

-3.05%

3.15%

3.56%

-1.63%

2.19%

1.10%

2.87%

2.95%

1.50%

4.12%

-0.36%

-3.88%

1.50%

-0.03%

-3.27%

-0.52%

-8.42%

-0.33%

-3.28%

2.19%

-1.08%

-1.72%

1.70%

4.28%

-1.63%

-1.07%

-1.67%

1.93%

2.32%

0.55%

-0.57%

-0.14%

-0.90%

0.41%

3.13%

3.69%

0.66%

-0.98%

-1.72%

6.50%

-0.26%

-0.34%

0.02%

-1.21%

-0.94%

-0.09%

-0.37%

-4.25%

-0.05%

1.67%

-4.26%

1.76%

-0.16%

-0.38%

-0.82%

-0.82%

-1.41%

3.65%

4.42%

-1.14%

3.28%

-1.16%

-6.17%

-3.18%

0.80%

0.79%

6.46%

-3.27%

6.19%

3.50%

1.69%

4.74%

3.68%

3.36%

-2.80%

0.09%

0.75%

0.85%

-0.62%

0.97%

1.17%

3.02%

5.04%

-4.32%

-0.79%

5.13%

-2.79%

2.77%

-0.51%

-0.44%

1.54%

1.52%

1.01%

-0.78%

2.82%

2.17%

-1.45%

-0.08%

0.11%

5.13%

0.79%

-2.11%

-0.06%

2.96%

0.71%

0.84%

1.47%

-3.38%

-1.07%

0.15%

0.61%

-0.79%

0.62%

0.42%

-2.17%

0.02%

-1.90%

1.25%

-3.62%

-1.22%

0.64%

1.37%

0.43%

-1.32%

2.02%

-1.08%

2.94%

0.14%

3.86%

0.97%

1.39%

-2.85%

8.05%

-1.06%

-0.01%

-0.86%

-2.84%

-0.50%

-0.79%

4.08%

0.97%

-2.18%

0.82%

0.35%

1.36%

1.13%

-1.10%

-2.81%

-3.44%

-3.16%

0.29%

-2.65%

-1.59%

-0.33%

0.30%

11.79%

-0.69%

1.92%

1.40%

-5.50%

3.20%

0.77%

-4.32%

0.98%

1.63%

0.84%

0.51%

2.68%

-0.16%

0.40%

1.31%

-2.82%

-0.26%

-1.83%

8.76%

0.01%

1.16%

0.06%

2.28%

0.91%

0.94%

-2.56%

-3.83%

1.54%

-2.80%

-0.22%

0.34%

-2.78%

5.72%

-1.61%

-0.95%

2.12%

1.22%

1.21%

6.28%

-2.98%

-1.82%

-0.91%

-4.45%

-0.31%

-0.69%
0.98%

-0.81%

2.01%

0.57%

-1.13%

1.26%

2.08%

-0.50%

-0.42%

-1.32%

-0.57%

0.43%

-0.35%

0.51%

0.90%

0.06%

-0.31%

-0.58%

-0.49%

-0.63%

1.40%

-2.17%

2.60%

-2.13%

-0.91%

-3.98%

4.12%

-1.37%

-2.26%

1.43%

0.79%

0.74%

-0.66%

5.23%

1.36%

1.01%

3.41%

-2.30%

1.65%

0.21%

-1.29%

5.83%

1.72%

0.37%

0.09%

-0.17%

-3.09%

-0.26%

0.07%

-2.00%

3.25%

2.07%

-2.96%

1.88%

-0.65%

1.05%

-0.66%

1.77%

6.30%

0.16%

0.29%

1.02%

1.54%

-1.40%

0.63%

-3.14%

0.37%

1.32%

-0.82%

1.58%

1.90%

0.45%

3.55%

-1.01%

-1.33%

0.22%

0.11%

-1.10%

-0.72%

1.30%

-3.08%

3.01%

0.50%

-0.44%

-0.84%

-1.27%

-1.93%

-0.32%

-5.66%

-1.69%

-1.28%

2.20%

-0.48%

-3.50%

1.68%

-0.56%

0.85%

-0.38%

8.88%

4.10%

2.19%

-1.18%

2.14%

-0.98%

0.06%

0.65%

-0.91%

-2.14%

-0.65%

-0.07%

-1.31%

0.65%

-0.66%

-3.90%

2.65%

1.45%

-2.39%

-1.44%

1.01%

0.57%

0.79%

-0.69%

1.23%

2.35%

-3.06%

1.42%

1.85%

4.02%

0.30%

-0.21%

-0.21%

2.98%

-0.77%

-0.96%

-3.36%

1.23%

-0.25%

1.89%

-3.18%

4.45%

-1.78%

0.15%

0.96%

-1.18%

-1.09%

-2.98%

0.77%

0.39%

1.91%

1.93%

-1.99%

-2.50%

EVENT 33

EVENT 34

EVENT 35

EVENT 36

-3.20%

0.34%

-1.49%

3.97%

EVENT 37
-2.79%

AVERAGE ABNORMAL RETURN

0.79%

-3.52%

-2.01%

-2.33%

-1.13%

2.85%

0.02%

-3.00%

3.04%

-3.56%

-1.34%

0.71%

1.04%

-1.12%

2.56%

-0.10%

-1.37%

-1.85%

-0.52%

-0.22%

0.69%

0.12%

-5.25%

-2.36%

-0.18%

0.45%

-2.85%

0.19%

-2.17%

-3.56%

-0.23%

-0.29%

0.79%

-6.14%

0.28%

0.12%

-0.09%

-0.45%

-0.20%

-0.01%

2.62%

1.49%

-0.19%

1.33%

0.11%

0.05%

3.03%

3.45%

-0.55%

0.66%

-1.68%

-3.49%

-2.42%

4.46%

-0.80%

-16.77%

-5.87%

0.38%

-0.94%

1.02%

0.49%

-3.35%

1.79%

-0.15%

2.39%

2.90%

-0.03%

0.24%

0.81%

-2.44%

4.71%

-0.75%

0.61%

-0.36%

1.01%

0.19%

1.44%

0.24%

0.34%

4.12%

1.11%

0.77%

-4.27%

-5.89%

0.66%

-3.04%

0.59%

-2.17%

3.77%

0.82%

-0.02%

1.70%

-0.74%

0.63%

-2.59%

4.85%

-0.49%

-2.77%

-0.39%

-1.63%

0.33%

-2.82%

-0.20%

-4.77%

-0.59%

-0.86%

1.99%

0.79%

-0.34%

2.48%

0.11%

0.29%

-0.65%

-3.83%

-0.10%

-3.03%

0.56%

-1.06%

1.83%

3.67%

-0.30%

0.77%

1.67%

8.17%

-0.14%

-1.27%

0.40%

6.96%

0.00%

-1.31%

-1.65%

5.31%

0.55%

1.09%

-1.28%

1.39%

-3.01%

-4.32%

0.32%

12.74%

2.12%

2.97%

-1.92%

1.70%

0.36%

1.50%

-0.69%

-2.87%

-3.11%

-3.65%

0.33%

0.14%

-1.60%

-2.06%

2.30%

2.92%

-0.18%

-2.83%

2.13%

-1.34%

0.77%

1.31%

-0.04%

2.14%

-1.01%

-1.67%

0.32%

-3.49%

0.17%

-1.21%

0.20%

2.02%

0.25%

0.03%

0.08%

-1.81%

0.46%

0.19%

-1.75%

-0.71%

-0.19%

0.95%

0.37%

-0.74%

-1.18%

-0.26%

0.43%

-1.56%

-2.15%

-4.64%

-1.01%

2.99%

-0.08%

-7.32%

-2.43%

-2.77%

-2.27%

2.15%

-0.22%

2.09%

-2.53%

-0.84%

-1.81%

-1.47%

0.14%

-0.40%

1.65%

-3.17%

-6.18%

-0.43%

0.18%

-0.03%

-1.25%

-1.79%

-1.02%

-1.37%

0.70%

0.66%

-0.89%

-0.78%

-2.51%

-1.80%

-0.38%
-0.71%

0.14%

3.15%

-2.45%

1.46%

0.05%

-4.54%

2.14%

1.47%

0.12%

-0.88%

0.78%

-1.87%

2.76%

-2.30%

2.97%

-1.43%

-0.02%

-1.03%

0.44%

1.72%

1.04%

3.32%

0.02%

2.24%

-1.02%

2.86%

0.77%

0.60%

0.43%

4.25%

0.62%

-0.73%

-0.56%

-4.05%

-0.15%

0.34%

-2.53%

0.15%

-1.17%

2.18%

-0.33%

-1.74%

-2.74%

-3.76%

-1.61%

-2.88%

-0.07%

T Actual 2.086 (@95%

T Actual 1.684(@90% C

CUMULATIVE AVERAGE ABNORMAL RETURN

STANDARD DEVIATION

SQUARE ROOT OF 37

0.62%

0.029988613

6.08276253

0.81%

0.0242823

6.08276253

1.85%

0.028556253

6.08276253

1.33%

0.031871445

6.08276253

1.16%

0.023602673

6.08276253

0.93%

0.024491082

6.08276253

0.84%

0.023859227

6.08276253

0.65%

0.020761503

6.08276253

0.10%

0.020922484

6.08276253

-0.70%

0.029291509

6.08276253

-0.21%

0.039452588

6.08276253

-0.24%

0.02814371

6.08276253

0.38%

0.028511694

6.08276253

0.72%

0.017114381

6.08276253

1.38%

0.029403649

6.08276253

1.36%

0.021293104

6.08276253

0.87%

0.020603996

6.08276253

0.67%

0.018247428

6.08276253

0.33%

0.022053857

6.08276253

0.23%

0.01696713

6.08276253

-0.07%

0.028959315

6.08276253

0.33%

0.030197098

6.08276253

0.87%

0.026474025

6.08276253

1.19%

0.025229981

6.08276253

1.55%

0.032615417

6.08276253

1.88%

0.046812398

6.08276253

1.70%

0.022584746

6.08276253

1.66%

0.021669591

6.08276253

1.83%

0.015662315

6.08276253

1.91%

0.023946428

6.08276253

1.72%

0.022369351

6.08276253

2.15%

0.018741136

6.08276253

2.07%

0.025998444

6.08276253

1.85%

0.021867722

6.08276253

2.00%

0.024490117

6.08276253

2.18%

0.024576944

6.08276253

2.88%

0.021132724

6.08276253

2.50%

0.023924591

6.08276253

1.79%

0.029971263

6.08276253

2.57%

0.026110079

6.08276253

2.55%

0.015295763

6.08276253

2.56%

0.01689718

6.08276253

3.00%

0.024972973

6.08276253

2.85%

0.022394899

6.08276253

2.52%

0.022110111

6.08276253

2.46%

0.028474297

6.08276253

T Actual 2.086 (@95% Confidence level)

T Actual 1.684(@90% Confidence level)

T-Calculated
1.595363404
0.049870191
2.222792114
-0.98337294
-0.454825162
-0.576559162
-0.223909575
-0.552993079
-1.603847024
-1.65684203
0.762498738
-0.064424926
1.302964737
1.21562629
1.374747306
-0.054786527
-1.452319003
-0.68050053
-0.926638143
-0.353706555
-0.636743237
0.803726976
1.252471434
0.765084674
0.667396417
0.428946642
-0.485770439
-0.107965211
0.65218753
0.209926605
-0.524063627
1.401824313
-0.176530818
-0.61643639
0.359850144
0.442273551
2.021224578
-0.956107257
-1.44880032
1.825509537
-0.091121614
0.055301763
1.059026077
-0.399888843
-0.901200851
-0.146903287