Why O-I Glass Stock Popped 11% After Missing on Earnings

Bottle maker O-I Glass (NYSE: OI) "missed earnings" badly when it reported its Q2 2020 financial results after market close yesterday evening, but then something strange happened.

O-I Glass stock went up, not down. In fact, as of 2 p.m. EDT Tuesday, O-I Glass shares are up a good 11.4%. Why?

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Source Fool.com