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DryShips executed eight reverse stock splits between March 2016 and July 2017, shrinking 11.76 million shares to a single share, according to Seeking Alpha. [7] Shortly before DryShips’ final reverse split, Mother Jones journalist Kevin Drum , citing figures from The Wall Street Journal , noted that DryShips investors had lost 99.99% of their ...
A short report by Hindenburg Research alleging troubles at Supermicro hit the stock badly -- it's dropped 16% since the report's late-August release. Separately, Supermicro delayed filing its 10-K ...
George Economou or Georgios Ekonomou (Γεώργιος Οικονόμου, born 1953) is a Greek billionaire shipowner, CEO of DryShips Inc. and Ocean Rig, and the owner of Cardiff Marine. Economou owns oil tankers as well as dry bulk ships and manages them through Cardiff Marine. He was on the Forbes Magazines list of the world's billionaires ...
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 ...
Here's what that could mean: Nvidia completed its 10-for-1 split after the market closed on June 7. The stock traded at a split-adjusted $121 per share. History says its share price will drop 23% ...
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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.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. What: Shares ...