On Thursday, Shares of Pernix Therapeutics Holdings Inc (NASDAQ:PTX), subtract -25.81% and closed at $0.417 in the last trading session. The last trading range of the stock ranges between $0.40 and $0.50. The company’s Market capitalization is $34.67 Million with the total Outstanding Shares of 85.12 million. Pernix Therapeutics Holdings, Inc. (PTX), a specialty pharmaceutical company with a focus on Pain and CNS conditions, recently declared that its Board of Directors unanimously approved a reverse split of its common stock at a ratio of 1-for-10 and a majority voting standard for the election of directors in uncontested elections.
Reverse Stock Split
As of the effective date of the reverse split, each share of issued and outstanding common stock and equivalents will be converted into 1/10th of a share of common stock. In addition, the common stock will trade under a new CUSIP number. The reverse stock split will become effective as of the close of business on October 13, 2016, with anticipated trading on the post-split basis on NASDAQ commencing at the open of the stock market on October 14, 2016. The foregoing action has been duly approved by unanimous written consent of Pernix’s Board of Directors following the Maryland General Corporation Law, without stockholder approval.
Rio Tinto plc (ADR)(NYSE:RIO), jumped -3.05% and closed at $31.81 in the last trading session. The last trading range of the stock ranges between $31.24 and $32.02. The company’s Market capitalization is $60.57Billion with the total outstanding Shares of 1.37billion. Rio Tinto plc, a mining and metals company, finds, mines, and processes mineral resources. The company mines and produces aluminum products, counting bauxite, alumina, and aluminum; copper, gold, silver, and molybdenum, in addition to nickel; diamonds, titanium dioxide feedstocks, borates, and salt, in addition to high purity iron, metal powders, zircon, and rutile; uranium; iron ore; and thermal coal, and coking or metallurgical coal. It has operations in Australia, North America, Asia, Europe, Africa, and South America.
Express Scripts Holding Company (NASDAQ:ESRX), lost -0.17% and closed at $69.04 in the last trading session. The last trading range of the stock ranges between $68.43 and $69.12. The company’s Market capitalization is $43.59Billion with the total outstanding Shares of 630.22million. During the 52-week trading session the minimum price at which share price traded, registered at $65.55 and reached to max level of $89.20. Express Scripts Holding Company (ESRX) declared recently its intention to release its third quarter earnings on Tuesday, October 25, 2016 after the market closes and will hold its quarterly conference call to discuss third quarter results on Wednesday, October 26, 2016, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).
A slide presentation will also be posted on Express Scripts’ website. Following the conference call, both the slide presentation and the webcast will remain available on the Shareholder Information section of Express Scripts’ website for 90 days.