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A stock split or stock divide increases the number of shares in a company. For example, after a 2-for-1 split, each investor will own double the number of shares, and each share will be worth half as much. A stock split causes a decrease of market price of individual shares, but does not change the total market capitalization of the company ...
A common reason for a reverse stock split is to satisfy a stock exchange's minimum share price. A reverse stock split may be used to reduce the number of shareholders. If a company completes a reverse split in which 1 new share is issued for every 100 old shares, any investor holding fewer than 100 shares would simply receive a cash payment.
Chipotle stock was trading at $2,972 per share, as of Wednesday morning. Based on that price, the split would bring the price down to a more reasonable $59 per share. The less-expensive shares ...
Alcoa Corporation (an acronym for "Aluminum Company of America") is a Pittsburgh-based industrial corporation.It is the world's eighth-largest producer of aluminum. Alcoa conducts operations in 10 countries.
The yield on the 10-year Treasury recovered some of those losses to add more pressure on the stock market. It rose to 4.49% from 4.46% late Tuesday.
In stock markets abroad, indexes jumped across much of Europe and Asia. Stocks rose 2.2% in Seoul, 1.6% in Tokyo and 1.2% in London. Australia’s S&P/ASX 200 advanced 1.4% after the central bank ...
After the ultimate listed parent companies of the group, Cheung Kong and Hutchison merged to form CK Hutchison Holdings and CK Asset Holdings in 2015, HGC was sold to independent third parties Asia Cube Global in July 2017. The parent company of Asia Cube Global was a private equity fund. In turn the fund was managed by I Squared Capital.
CHICAGO (Reuters) -General Electric on Tuesday completed its breakup into three companies, marking the end of the 132-year-old conglomerate that was once the most valuable U.S. corporation and a ...