Previous close | 0.0400 |
Open | 0.0400 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 4.00 |
Expiry date | 2024-07-26 |
Day's range | 0.0400 - 0.0400 |
Contract range | N/A |
Volume | |
Open interest | 48 |
New York Community Bancorp says its board of directors has approved a one-for-three reverse stock split expected to become effective in mid-to-late July.
An investment from a group that included former U.S. Treasury Secretary Steven Mnuchin's Liberty Strategic Capital stabilized the stock, but trading remains rangebound. NYCB shares dipped nearly 2% before the bell on Thursday. Reverse stock splits typically boost prices by reducing the number of outstanding shares.
New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that as previously approved by its shareholders at its annual meeting held on June 5th, its Board of Directors passed a resolution yesterday approving the one-for-three reverse stock split. We expect the reverse stock split to become effective in mid-to-late July.