Once NPD fell below $3.00, buyers must put up the full amount of the stock purchase. My guess is that some purchased via margin and now it's put up or get out. NPD is a good buy now at these prices if you can wait out another month for the dividend.
600, I hear ya. Arrogance does not survive without denial.
alee94118, you're coming up with every explanation but the right one. TODAY is ex-dividend. Look: http://www.nasdaq.com/symbol/npd/dividend-history
You guys obviously do not understand. Is today May 7th?
My understanding is that today actually is the ex-dividend date (2 business days before the record day on May 7).
Yes ! you are correct r31s1
Better check with your broker...no sell off current price is 2.69 UP .16.It's ex dividend but don't rely on me..CALL UR BROKER !
I already checked with my broker. It's a margin call when NPD fell below $3.00 for those who purchased NPD on margin. Any stock which is below $3 becomes 100%, no more margin.No dividend payout until June 7th.