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A reverse stock split involves reducing the share count and raising the share price without changing the market capitalization of the stock. It's a tool companies use to get their share price ...
Many stock splits are greeted by investors as good news, and shares sometimes rise as a result. ... A company may use a reverse split to push its stock price back over a certain threshold ...
The Oracle of Omaha has increased Berkshire Hathaway's stake by 262% in the only brand-name company set to conduct a reverse-stock split.
AMC's (AMC) stock sank 7% on Thursday after the country's biggest cinema operator proposed a reverse stock split and a conversion of its preferred equity units into common shares.
The reverse split pushed Celldex’s share price from about 39 cents to about $5 per share, but the market’s negative initial reaction to the decision is typical of the response to reverse splits.
The "reverse stock split" appellation is a reference to the more common stock split in which shares are effectively divided to form a larger number of proportionally less valuable shares. New shares are typically issued in a simple ratio, e.g. 1 new share for 2 old shares, 3 for 4, etc. A reverse split is the opposite of a stock split.
Companies completing reverse stock splits often do so to avoid delisting from a major stock exchange. What makes Sirius XM unique is it that it was no danger of being booted from the Nasdaq ...
The transaction reduced the number of shares outstanding by approximately 12%, after which the company enacted a 1-for-10 reverse stock split that lifted the share price out of the penny-stock range.