Apple was very wise to do a stock split. I agree with their CEO and CFO 100% when they spoke on the topic. They are very smart industry leaders
What would cvs stock price be if it never had a split? Cvs has a history of doing stock splits and they have been very successful . You keep forgetting that fact
$100 is a psychological barrier for a lot of retail investors. Besides the chances of CVS doubling to $200 is a lot lower that CVS doubling to $100 if it was at $50
This is not your grandfathers stock market. The market today is driven my emotion
More to come..
The shareholders here have been richly rewarded for 5 years straight..
By Chris Lange January 16, 2015 9:20 am EST
In the wake of the Swiss central bank removing the cap of the franc against the euro, the Swiss market saw nearly a 10% sell-off almost immediately. This skyrocketed the value of the franc against the euro. One of the big losers from this move by the Swiss central bank was FXCM Inc. (NYSE: FXCM). After the peg of 1.20 was removed, the Swiss franc went from 1.20 euro to almost parity on the news. Loans that were financed across Europe using the franc immediately became a loss for the lenders. Forex trading on the day ultimately yielded a stronger franc as well.
FXCM is a global online provider of foreign exchange (forex) trading and related services to both retail and institutional investors. As a result of the unexpected and unseen volatility of the franc against the euro, the trader noted that clients experienced significant losses and generated negative equity balanced owed to FXCM of roughly $225 million.
Because the company has incurred these debt balances, it may be in breach of some regulatory capital requirements. FXCM is actively discussing alternatives to return its capital to levels prior to this volatility.
Credit Suisse weighed in on the matter, downgrading FXCM to an Underperform rating from Outperform and lowered its price target to $4 from $18. The brokerage firm considers its ratings change late and it did not anticipate the magnitude of the loss. The stock is expected to approach a tangible book value of $3.15 absent of a capital raise.
Citigroup also downgraded FXCM to Neutral from Sell with a price target of $5 from $17.
Other analyst calls have not been seen yet, but they almost certainly will be forthcoming very soon. Shares of FXCM were down a sharp 88% or so on massive volume at $1.20 in premarket trading on Friday — and the price was seen down at $1.15 after closing at $14.87 on Thursday.
The stock had a consensus analyst price target of $17.95 before this news broke, and a 52-week tra