Perhaps the best example to me of the split between tech stocks and the rest of the market is that T2108 climbed to its highest level since April, while the QQQ continued to break support. T2108, at 65%, measures the percentage of all NYSE stocks that closed above their simple 40 day moving averages. T2108... Read more
By Adrian Ash – Gold prices held near 5-week lows against a falling US Dollar on Wednesday, trading at $1243 per ounce as commodities rallied but world stock markets extended Tuesday's retreat in New York. As Brent crude oil rallied $1 per...
U.S. stocks remain split as trading begins Monday, with energy companies and oil prices climbing and technology stocks sinking. Even though major indexes are lower, more stocks are rising than falling. Small-company stocks did better than the rest of the market. General Electric jumped after the...
General Motors beat back a bid to split its stock into two classes, and its upstart electric-car rival overcame a challenge to multiyear board terms.
At General Motors' annual shareholder meeting on Tuesday, a proposal from Greenlight Capital to split the carmaker's stock into two classes and replace three directors on the board was shot down. Greenlight's David Einhorn has been pushing...Show More Summary
GM shareholders have rejected Greenlight Capital's plan to split the company's stock, and rejected Greenlight's nominations to GM's board.
Greenlight's plan to split up GM's stock will come to a head on Tuesday, as the automaker's shareholders cast their votes on the hedge fund's proposals.
Not only has Amazon changed the retail landscape since it became a public company 20 years ago, it's now part of a small cadre of high-flying stocks belonging to companies that have defied Wall Street and shunned stock splits. Only four...Show More Summary
Greenlight Capital's David Einhorn has been waging a battle ahead of General Motors' annual shareholder meeting to split the company's stock into two classes. The hedge funder, who controls over 3% of GM in total, wants dividend-paying...Show More Summary
Stock splits, once considered a way to keep shares affordable for mom-and-pop investors, are rare today as companies aspire to new heights.
A stock split won’t automatically make stock worth more, but there's a potential benefit.
Chipotle's stock has come a long way in the past month, climbing 14% near a one-year high. Now, ahead of Tuesday's after-market earnings report, Wall Street analysts and options traders are split as to whether the gains can continue. On...Show More Summary
Submitted by Nick Colas of Convergex Is Public Equity A Broken Concept David Einhorn’s proposal to GM that it split its stock into dividend and capital appreciation shares got us thinking about the bedrock principles of public equity ownership. Show More Summary
Brussels calls off the London Stock Exchange, Deutsche Börse wedding.
Greenlight Capital’s David Einhorn is certainly creative, but his stock split proposal for General Motors (GM) is a non-starter. This blog pointed out yesterday that GM is blowing off Einhorn’s suggestion the way Apple (AAPL) did with his ‘iPrefs’ idea. Now the rating agencies are expressing their disapproval. Moody’s and S&P have called the structure credit negative, says […]
AAPL rose over 2 percent on Tuesday to close at $143.80, a new all-time high. The stock also surpassed a per-share price of $1,000 when adjusted for Apple's 7-for-1 stock split in June 2014. Apple now has a market valuation of over $750...Show More Summary
The founder of hedge fund Greenlight Capital wants shareholders to pressure GM to offer one class of stock that would receive the car manufacturer’s current dividends and another that would be more growth oriented.
WSJ’s David Benoit and Mike Colias reported that Greenlight Capital’s David Einhorn is pressuring General Motors (GM) to split its common shares into two. One would pay a dividend and the other would entitle shareholders to all earnings and buybacks after paying out the dividend. David Einhorn at the World Series of Poker no-limit Texas Hold ‘em […]
Hedge fund billionaire David Einhorn wants the automaker to change its capital structure.