Rite Aid shareholders are backing a plan to lift the struggling drugstore chain's stock price and keep it from being kicked off the New York Stock Exchange. Shareholders approved on Thursday a reverse split of the company's stock that will cut down the number of shares traded and boost the price. Rite Aid said its board still has to decide the ratio of the split, which could involve exchanging one share for 10, 15, or 20. Camp Hill, Pennsylvania-based Rite Aid Corp. said earlier this year it would try the reverse split after the Big Board warned that its shares could be removed if their closing price doesn't consistently hit at least a dollar. Rite Aid shares have largely slid since early 2017 and fell below that mark in December. … [Read more...] about Rite Aid gets OK for plan to boost flagging stock price
Amri stock price
The stock price of steel companies like Hoa Sen, Nam Kim, and Hoa Phat are still on the rise despite securities companies’ warnings to rein in buyers. Hoa Phat Group's steel manufacturing line. Source: hoaphat.com.vn Contrary to the unsatisfied forecasts in early 2019, Vietnamese securities market has rapidly rallied since after the Lunar New Year. VN-Index’s points increased from 900 to 960 in the most recent trading session. Contributing into the results is the recoverable signs of steel stocks. Specifically, Hoa Sen Group’s (code: HSG) stock price in session February 18 was VND7,700 ($0.33), up 18 per cent against early 2019 and 15 per cent against the session before the Lunar New Year. Nam Kim Group’s (code: NKG) stock price increased by nearly 23 per cent in seven session after the Lunar New Year. Similarly, Hoa Phat Group’s (code: HPG) stock price expanded from VND27,300 ($1.18) early February to VND32,200 ($1.4) in the latest session. Reflections … [Read more...] about Steel stock prices on rise despite unsatisfied warnings
(Reuters) - Warren Buffett has long told investors in his Berkshire Hathaway Inc they should not pay so much attention to what its stock price is doing. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo No longer. Buffett said in his annual letter to Berkshire shareholders on Saturday that the conglomerate’s stock price will over time “provide the best measure of business performance.” In conjunction with that, he plans to deemphasize book value, measuring assets minus liabilities, saying changes at Berkshire and the vagaries of accounting rules mean that gauge has “lost the relevance it once had.” The shift is something of a retreat from the 88-year-old Buffett’s decades of preaching patience and long-term thinking for investors and Berkshire shareholders, the antithesis of what stock … [Read more...] about In a shift, Buffett says focus on Berkshire’s stock price
NEW YORK — The biggest buyers of stocks are coming back. More than any other group, companies themselves are the largest purchasers of their own shares. But they were notably absent from the market the last few weeks, just as stock prices were tumbling on worries about global trade and rising interest rates. Businesses were holding back on repurchases the last few weeks because they were in one of their "blackout" periods for buybacks, a regular occurrence leading up to the release of their quarterly results. Now that most companies in the S&P 500 index have given their third-quarter reports, blackouts are lifting, and analysts across Wall Street say the return of those buyers should help support the market. The S&P 500 climbed 2.7 percent over Tuesday and Wednesday, after losing nearly 10 percent in the four prior weeks. "There's been a quiet period on buybacks, and the indication is that next month we're going to have four times as many buybacks as we had" in October, … [Read more...] about As stock prices go on discount, their biggest buyers return
The tech company reported its third-quarter earnings and helped lead a rebound for the Entrepreneur Index™. Andrew Osterland Published 5:00 pm CDT, Thursday, October 25, 2018 Photo: Andrew Burton | Getty Images Photo: Andrew Burton | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Andrew Burton | Getty Images Twitter's Stock Price Jumped 15 Percent Today. Here's Why. 1 / 1 Back to Gallery The stock market responded to its recent woes with a mighty tweet today. Led by Twitter -- up 15.47 percent on the day -- the market rebounded from yesterday's plunge with a strong day across all segments of the market. The Entrepreneur Index™ was up 3.45 percent with 53 of 60 stocks posting gains for the … [Read more...] about Twitter’s Stock Price Jumped 15 Percent Today. Here’s Why.