Stock exchange traders have developed a vocabulary that is very often only understood within the finance industry. Talk of bulls and bears and dead cats bouncing can be mystifying to outsiders. While a bull and bear market is fairly readily understood, what does “dead cat bounce” mean?
Since the beginning of the month news of non-compliance notifications being issued to NASDAQand NYSE listed companies has become almost commonplace. Failure to meet minimum listing requirements results in being de-listed, which in turn results in reduced revenue for the two U.S. exchange operators. Add to this the fact that the Initial Public Offering (IPO) market has slowed down dramatically and it stands to reason that NASDAQ and NYSE will be feeling the pinch to some degree.
The board of directors of Ecology and Environment Inc has given the go-ahead for company’s common stock listing to be moved from the American Stock Exchange (AMEX) to the NASDAQ Stock Market LLC. As from Monday 8 September, Ecology and Environment Inc will trade on NASDAQ under the symbol “EEI”.
The week started off with light trading on the U.S. stock markets as concerns over the state of the financial sector in general were exacerbated by the fact that American International Group (AIG) fell to a thirteen year low. Persistent credit worries and apprehension with regard to global economic growth are also believed to have had a negative affect on trading, with major indexes losing around two percent and the Dow average falling by close to 250 points.
The volatility of the market since October 2007, and more specifically during the past few weeks, has vividly illustrated that investor favorites of the past can no longer be relied upon and a varied investment portfolio is the wisest way to go. Many analysts have had to adjust their views as it has become apparent that the global market is not immune to the woes of the U.S. economy, oil prices can be dramatically influenced by changes in demand, and small-cap funds, which are generally avoided in tough times, are turning out...
Since the opening ceremony for the 2008 Beijing Olympics on 8 August, which saw the United States Olympic team parading through the Bird’s Nest Stadium kitted out in Ralph Lauren designed navy blue blazers, complete with the distinctive Polo logo, and white button downs with white trousers, Polo Ralph Lauren (NYSE: RL) has risen by 8.8 percent in New York Stock Exchange trading.
Signet Group plc has received the go-ahead from its shareholders to move their primary listing from the London Stock Exchange (LSE) to the New York Stock Exchange (NYSE). Additionally, the company’s headquarters, which is currently situated in London, will be moved to Bermuda and the name will be changed to Signet Jewelers Ltd.
BATS Trading Inc. has been given the green light by the U.S. Securities and Exchange Commission to operate as a registered national securities exchange. In the relatively short period of time that BATS has been operating, it has shown that it is a force to be reckoned with. With its newly acquired status, BATS is set to give NASDAQ OMX and NYSE Euronext some stiff competition.
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