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AMC Arbitrage Traders Face Big Question: Will Preferred Equity Get Converted Into Common Stock?
Monday, February 27, 2023 - 11:36pm | 568Common shares of AMC Entertainment Holdings Inc (NYSE:AMC) closed 22.84% higher on Monday. The company will face a hearing on April 27 in a lawsuit alleging it circumvented shareholders who were against adding more shares, according to a Reuters report. Also Read: How To Short A...
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Capital Structure 101: What Different Shareholder Classes Mean For Investors
Sunday, April 16, 2017 - 4:55pm | 1162Should General Motors Company (NYSE: GM) split its stock? According to David Einhorn-founded hedge fund Greenlight Capital in a recent presentation, there's a case for two classes of GM shares to unlock value. The Problem And The Solution The firm's contention was GM stock trades at a...
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Hatteras Financial (HTS) Drops Over 6%
Wednesday, September 22, 2010 - 2:00am | 108Shares of Hatteras Financial (HTS) plummeted Tuesday as the company on news that the company is issuing 6.5 million shares. Hatteras Financial is a REIT that pays an incredibly generous dividend yield over 14%. The company makes its money by buying government sponsored mortgages. The stock was down...