Tag: reverse

XLK Rebalancing to Reverse Apple, Nvidia Stock Positions

Profit – Loss – Money – Rebalance The Technology Select Sector SPDR Fund (XLK), the second-largest technology sector exchange-traded fund by assets under management, will dramatically shift the weighting for two of its top holdings on Friday. XLK, which has $72 billion in assets under management, will increase its allocation in Nvidia from roughly 5% […]

‘That’s a trend that’s not going to reverse,’ CFO says

As the battle for e-commerce dominance wages on, Walmart CFO John David Rainey says the company has the tools to edge out competitors. The Arkansas-based retail giant has seen more frequent, yet smaller, orders through its Walmart+ membership program, with most consumers preferring delivery, all ingredients Amazon hailed as part of its secret sauce to […]

Virgin Galactic stock tumbles after reverse stock split

Virgin Galactic (SPCE) shares are trading lower after the company implemented a 1-for-20 reverse stock split, which took effect on Monday. This action, aimed at increasing the company’s stock price and meeting listing requirements, has triggered a sell-off among investors. Yahoo Finance’s Market Domination takes a closer look at the space tourism company’s stock action. […]

Why Virgin Galactic’s Reverse Stock Split Went Splat

Well, it seems I was too optimistic. Writing up Virgin Galactic‘s (NYSE: SPCE) 1-for-20 reverse share split announcement last week, I explained that by gluing together 20 ordinary shares into a kind of “mega-share,” the company would transform its apparent share price from $0.74 (Thursday) into a new share price of $14.80 (today). Instead, Virgin […]