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A reverse stock split combines several existing shares into one. In a 1-for-20 split, every 20 shares become one and the price per share is multiplied by about 20, so the value of each holder's position is unchanged at that moment.
Reverse Splits: Why Are So Many Micro-Caps Consolidating Shares for Nasdaq Minimum-Bid Rules This Month?
RingCentral (NYSE:RNG) shares closed at $79.42 on Thursday, October 22, down 3.64%, and then traded 14.58% higher at $91.00 in after-hours trading. The company reported third-quarter results after the close, with non-GAAP EPS of $1.33 against the $1.27 market estimate, a 4.34% surprise, and …
Sallie Mae (NASDAQ:SLM) reported a third-quarter GAAP net loss of $32.3 million, or $0.19 per diluted share, on Thursday, October 22, after the market close. That compared with net income of $135.9 million, or $0.63 per share, a year earlier, and with a $0.20 …
Eight themes stand out heading into the weekend. AI power demand is anchored by Bloom Energy (NYSE:BE) and its 138.1% revenue growth, and cybersecurity by an uneven October 22 session in which the group split between gains and losses. Regional banks are beating estimates …
Seven themes dominate the October 22 session. Reverse splits are clustered ahead of October 26, with Nasdaq's rule that a closing bid below $1.00 for 30 consecutive business days starts a 180-day clock. Biotech catalyst week combines Kidney Week, which runs October 21 to …
Semiconductor equipment stocks fell sharply on Thursday, October 22, after Lam Research (NASDAQ:LRCX) reported record results on October 21. Lam closed down 11.76% at $230.15, KLA (NASDAQ:KLAC) closed down 9.55% at $147.83 and Applied Materials (NASDAQ:AMAT) closed down 8.16% at $375.58. Reports tied the …
The University of Michigan's preliminary October index of consumer sentiment was 46.3, released on October 9. That was down 1.8 points from 48.1 in September, down 13.6% from 53.6 a year earlier, and below the forecast of 47.6. The final reading is scheduled for …
No. The federal government is operating under a stopgap funding law, so no shutdown is holding up economic data this week. The Continuing Appropriations and Extensions Act, 2027 holds spending at fiscal 2026 levels through December 11, 2026, and it was signed on September …
No. Federal funding runs through December 11, 2026, so the Bureau of Labor Statistics published the September jobs report on October 2, with payrolls up 29,000. History shows the S&P 500 rose in 12 of 21 past shutdowns. The Fed meets on October 27 …
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