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Rap Sheet

Author:

Jam ok

Subject:

Off Topic

Date:

06/16/16 at 1:09 PM CDT

 

 

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Sentiment:

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OT - NOK

<p>OT - NOK</p> <p>OK, I'm almost completely puzzled by NOK's price action: It's showing as up 9 cents to $5.41, and although the low was $5.32, I must've missed it if it finished there yesterday. Is it because of what they're paying out to get the 95% ownership of Alcatel-Lucent? Is it because today is ex-dividend (although a story I read said that they're also declaring another dividend of...10 cents I think, but that ex-civ date will be later in June.) They purchased a DAA company (can't recall the name) that just sounds like good news in terms of expanding their portfolio of products. I'd be tempted to buy here, if I knew what was going on. The outlay of $985m for the shares alone (plus another large amount for the bonds) to reach 95% has no negative conotations in the stories I've read. Anyone know what the deal is?</p>

It is because today is ex-dividend date,  the closing price yesterday or opening share price today was adjusted downward due to the dividend. Therefore it is up 10 cents from that adjusted price.  Because the dividend is not actually credited to your account until July 5th, there is a "time gap" before one is made whole (minus the Finish tax of course)


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Author:

LongTerm CapGains

Subject:

Off Topic

Sentiment:

Neutral

Date:

06/16/16 at 1:43 PM CDT

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