moparnut
Administrator
Today, buyers of FCA stock (FCAU) finally received their shares in Ferrari (RACE) — which immediately plunged, despite a rising (then falling) market. FCAU dropped down to $8.05at 11:24 am EST, divorced from RACE; the latter fell by over $2 per share, to $44.50.
The stock market has fallen substantially over the last few days, but even when it was rising by 1% this morning, RACE was falling, presumably asowners of FCAU sold it off. Prior owners of FCAU were given one share of RACE for every ten shares they owned, rounded down to the nearest solid unit; FCAU is to dispose of the fractions. (...) →
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The stock market has fallen substantially over the last few days, but even when it was rising by 1% this morning, RACE was falling, presumably asowners of FCAU sold it off. Prior owners of FCAU were given one share of RACE for every ten shares they owned, rounded down to the nearest solid unit; FCAU is to dispose of the fractions. (...) →
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