Down 73%, but no freak-outs necessary -- here's why:
Shares of Altaba Inc.
were trading in Tuesday's premarket at a price that is 73% below Monday's close, following its previously announced cash distribution as part of investment fund's liquidation plan. The company announced earlier this month a distribution of $51.50 in cash per share, to be paid Sept. 23 to shareholders of record on Sept. 16. The stock closed at $70.80 on Monday. Late Monday, the company said it plans to file a certificate of dissolution following the close of trading on Oct.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Robbie Robertson Misses His Brothers in The Band“I just started thinking about how I’ve lost Richard, Rick and Levon, and it’s heartbreaking,” says Robbie Robertson about the late members of The Band.
Weiterlesen »
Stocks close mixed amid upbeat US manufacturing activityThe Dow Jones industrial average rose during US trading on Monday, while the S&P 500 index and Nasdaq composite fell.
Weiterlesen »
Stocks close little changed amid worries about the global economyStocks lost steam into the close today to finish little changed. The Dow closed up 15 points. The S&P 500 slid 0.01% and the Nasdaq fell 0.06%.
Weiterlesen »
Global Stocks Slip as Trade Talks FalterGlobal stocks retreated amid fading optimism around U.S.-China trade negotiations as the two countries signaled an agreement remained out of reach.
Weiterlesen »
European stocks seen lower as traders watch US-China trade developmentsEuropean shares are set to open lower on Monday, with investors keeping a close watch for developments on the U.S.-China trade front.
Weiterlesen »
Australia stocks set to dip as investors watch US-China trade developmentsStocks in Australia were set to dip at the open on Monday as investors watch for developments on the U.S.-China trade front.
Weiterlesen »