So anyone know what happens if you have a call contract of DD prior to spinoff? Presumably the contracts are re-done to reflect the lowered strike. But CC has no options. What happens to the portion of the contract which pertains to the spun off asset? Any intelligent comments welcome.
what if you have option contracts on DD? I assume the strike price would also adjust accordingly.
She is going to be on CNBC soon. I guess that the investors have spoken with DD going to 52 week low. Serves them right. They should have voted for Peltz plan. Now, the CEO will go on CNBC to try to remove egg from face. We'll see.
For a second day, there was about 100K of shares dumped within 20 seconds of the close. This pushed down DD 20 cents in seconds. Manipulation? What could be the point?
Most likely the answer will be revealed Monday morning. The prior price of around $220 from Cigna was rejected apparently.
I rather buy DD. It's also falling - looks in sympathy - after already beaten up from the Peltz proxy fight.
Just look at what happened with AMBA today - 50% retracement in a blink of an eye!
This always stays in step with KITE. So once this short-term lockup sale stops, JUNO should be back above $60 in no time. Or, KITE will crash 20% - one or the other.
Technically, if it drops below $31, $22 will be next support.
Correct! PRTA is certainly being manipulated higher here. 50% pull-back is in order, if history can be assumed to repeat itself - and it has on every exuberant spike up. So back to re-test $38 and then load'em up again.