NYCB Aug 2024 3.500 put
| Previous close | 0.5400 |
| Open | 0.4100 |
| Bid | 0.3500 |
| Ask | 0.6500 |
| Strike | 3.50 |
| Expiry date | 2024-08-16 |
| Day's range | 0.4000 - 0.4500 |
| Contract range | N/A |
| Volume | |
| Open interest | 955 |
Barrons.comEmbattled NYCB Is Doing a Reverse Stock Split. Shares Are Down 70% in 2024.
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.
ReutersNYCB expects reverse stock split to take effect next month
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.
PR NewswireNEW YORK COMMUNITY BANCORP, INC. ANNOUNCES BOARD APPROVAL OF ONE-FOR-THREE REVERSE STOCK SPLIT
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.
