7/4/2023 0 Comments Linkedin stock splitIf we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that ’s writers disclose this fact and warn readers of the risks. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. Overall, sentiment among stakeholders pings as “very negative.” Further, in the past 30 days, they have lost 2.7%. Within this cohort, Arrival shareholders on average have lost 0.4% in their positions in the last seven days. Why It MattersĪccording to TipRanks, among the investors the platform surveys, only 0.3% of portfolios hold ARVL stock. Compounding matters, SPACs also generally don’t perform well following their business combinations. As Reuters pointed out in January 2022, high redemption rates among SPAC-based offers have forced underlying enterprises to seek alternative financing. However, that’s going to be a tall order. While the ARVL stock ticker will remain the same, the security will trade under a new CUSIP number: L0423Q124. Notably, the reverse stock split will be effective a minute past midnight on April 14. Since the start of the year, shares are also down more than 30%, reflecting growing desperation for the EV maker. Over the past five sessions, ARVL stock is down nearly 11%. However, that enthusiasm seems to have all but faded out. Following the meeting, ARVL stock skyrocketed 40%. At an extraordinary general meeting of shareholders on April 6, shareholders voted to approve the reverse split. The Nasdaq requires that its listed securities meet a minimum trading price of $1. Apparently, investors see through the cynical action.Īccording to the accompanying press release, Arrival will implement a reverse split at a ratio of 1-for-50. This comes after management announced a reverse stock split to meet listing requirements for the Nasdaq. Such factors include, without limitation, the various factors set forth in the Company's annual report.The major equity indices struggled for traction today while commercial electric vehicle (EV) manufacturer Arrival (NASDAQ: ARVL) stock lost all pretense of positive momentum. There are a number of factors that could cause actual results to differ materially from those indicated. This press release may contain forward looking statements that involve a number of risks and uncertainties, including statements regarding the outlook for the company's business and results of operations. Private Securities Litigation Report Act of 1995. These statements represent the Company's expectations and beliefs, and no assurance can be given that the results described in such statements will be achieved. Securities and Exchange Commission, or in any other written or oral communication by or on behalf of the company, that do not directly and exclusively relate to historical facts, constitute "forward looking statements" within the meaning of the U.S. Web site: All statements contained in this or any other press release of CGI Group Inc., or in any document filed by the Company with the U.S. They are included in the Toronto Stock Exchange's TSE 300 Composite and TSE 100 indexes. CGI's shares are listed on the New York Stock Exchange (GIB) and Toronto Stock Exchange (GIB.A). CGI has 10,000 professionals and provides end-to-end IT services and business solutions to 2,500 clients in Canada, the United States and more than 20 countries around the world. Its order backlog totals more than $7.5 billion and the company currently has proposals outstanding for an additional $4 billion in potential large contracts. CGI today announced a two-for-one split of all its shares issued, the record date for shareholders being January 7, 2000. The share certificate for additional shares will be mailed to shareholders on January 14, 2000. This represents the company's fourth such split since August 1997.ĬGI believes that this split will provide greater market liquidity for its Class A Subordinate Shares which are listed on the Toronto and New York Stock Exchanges.ĬGI is the largest independent information technology consulting firm in Canada and the fifth largest in North America, based on its revenue run rate of $1.6 billion.
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