The Direxion Daily Financial Bear 3X Shares (FAZ) and the Daily Finan. Bull 3X Shs(ETF)(FAS) will both have reverse splits today, July 9, 2009. Below are some details on the reverse splits.
Direxion Daily Financial Bear 3X Shares (FAZ) - FAZ will do a 1-10 reverse split. If you have 100 shares at the closing price of $5.63, starting Thursday 7/9/09, you will have 10 shares at $56.30.
Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS will do a 1-5 reverse stock split. If you have 100 shares at the closing price of $7.55, starting Wednesday 7/9/09, you will have 20 shares at $37.75.
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Showing posts with label reverse stock split. Show all posts
Showing posts with label reverse stock split. Show all posts
Thursday, July 9, 2009
Tuesday, July 7, 2009
FAS FAZ Reverse Stock Split 7/8/09 July 8 2009
The Direxion Daily Financial Bear 3X Shares (FAZ) and the Daily Finan. Bull 3X Shs(ETF)(FAS) will both have reverse splits tomorrow, July 8, 2009. Below are some details on the reverse splits.
Direxion Daily Financial Bear 3X Shares (FAZ) - FAZ will do a 1-10 reverse split. If you have 100 shares at the closing price of $5.39, starting Wednesday 7/8/09, you will have 10 shares at $53.90.
Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS will do a 1-5 reverse stock split. If you have 100 shares at the closing price of $7.89, starting Wednesday 7/8/09, you will have 20 shares at $39.45.
Discuss FAS/FAZ
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks -
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Direxion Daily Financial Bear 3X Shares (FAZ) - FAZ will do a 1-10 reverse split. If you have 100 shares at the closing price of $5.39, starting Wednesday 7/8/09, you will have 10 shares at $53.90.
Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS will do a 1-5 reverse stock split. If you have 100 shares at the closing price of $7.89, starting Wednesday 7/8/09, you will have 20 shares at $39.45.
Discuss FAS/FAZ
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks -
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Thursday, March 19, 2009
Citigroup C Reverse Stock Split 3/19/09
Citigroup ( C ) stock is opening pre market today, March 19, 2009, at $3.12 as the company has filed a proxy to do a reverse stock split.
Citigroup Stock Split News - March 19, 2009
Citi announced today it has filed a registration statement with the Securities and Exchange Commission (SEC) in connection with its proposed offer to issue its common stock in exchange for publicly held convertible and non-convertible preferred and trust preferred securities. Citi anticipates launching the public exchange offer in early April, subject to completion of the required SEC review process.
Citi plans to file shortly two preliminary proxy statements with the SEC. One preliminary proxy proposes to amend Citi's Charter to, among other things, increase the number of authorized shares of its common stock and authorize the Board of Directors to execute a reverse stock split of its common stock. Shareholder approval to increase Citi's authorized shares is not necessary to complete the exchange of private preferred shares for interim securities or to exchange the public preferred shares for common shares. The conversion of interim securities to common shares will be completed upon adoption of the amendment to authorize additional shares. The other preliminary proxy proposes to amend the Charter and the certificates of designation of each series of its public preferred stock to amend the rights of holders of public preferred stock.
Full Article - From Citigroup Investor Relations
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Citigroup Stock Split News - March 19, 2009
Citi announced today it has filed a registration statement with the Securities and Exchange Commission (SEC) in connection with its proposed offer to issue its common stock in exchange for publicly held convertible and non-convertible preferred and trust preferred securities. Citi anticipates launching the public exchange offer in early April, subject to completion of the required SEC review process.
Citi plans to file shortly two preliminary proxy statements with the SEC. One preliminary proxy proposes to amend Citi's Charter to, among other things, increase the number of authorized shares of its common stock and authorize the Board of Directors to execute a reverse stock split of its common stock. Shareholder approval to increase Citi's authorized shares is not necessary to complete the exchange of private preferred shares for interim securities or to exchange the public preferred shares for common shares. The conversion of interim securities to common shares will be completed upon adoption of the amendment to authorize additional shares. The other preliminary proxy proposes to amend the Charter and the certificates of designation of each series of its public preferred stock to amend the rights of holders of public preferred stock.
Full Article - From Citigroup Investor Relations
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
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