On Tuesday, Shares of Barclays PLC (ADR)(NYSE:BCS), subtract -1.41% and closed at $8.41 in the last trading session. The last trading range of the stock ranges between $8.37 and $8.53. The company’s Market capitalization is $35.36 Billion with the total Outstanding Shares of 16.91 billion. During the 52-week trading session the minimum price at which share price traded, registered at $6.76 and reached to max level of $15.81. Barclays Bank PLC (“Barclays”) declared recently that the iPath® MSCI India IndexSM Exchange-Traded Notes (the “ETNs”) have been determined to be subject to certain regulations and recent circulars issued by the Securities and Exchange Board of India (“SEBI”) regardingoffshore derivative instruments linked to Indian equity securities. These regulations and circulars include requirements that cannot be complied with in the context of the ETNs. As a result, SEBI has advised Barclays not to issue additional ETNs and that the positions being held in the ETNs may only continue until December 31, 2020.
Barclays formerly restricted further sales from inventory and further issuances of the ETNs in 2009. Barclays is presently considering steps to comply with the SEBI decision by December 31, 2020 and will make a further declarement in due course. These steps may result in the ETNs ceasing to be listed and publicly traded.
This declarement may cause fluctuations in the price of the ETNs in the secondary market, and it is possible that the market price of the ETNs may at any time reflect a premium or a discount to the daily redemption value of the ETNs. Shareholders should exercise extreme caution before purchasing or selling ETNs at a time when market prices are volatile or when a premium or discount to the daily redemption value exists.
Lexmark International Inc (NYSE:LXK), subtract -0.45% and closed at $39.98 in the last trading session. The last trading range of the stock ranges between $38.14 and $40.20. During the 52-week trading session the minimum price at which share price traded, registered at $24.11 and reached to max level of $40.25. Lexmark International, Inc., together with its auxiliaries, develops, manufactures, and supplies printing, imaging, device administration, managed print services (MPS), document workflow, and business process and content administration solutions worldwide. It operates through two segments, Imaging Solutions and Services (ISS), and Enterprise Software. The ISS segment offers a portfolio of color and monochrome laser printers and laser multifunction products, and dot matrix printers, in addition to various cartridges, service parts, and other supplies for use in the installed base of laser, inkjet, and dot matrix printers. It also provides maintenance, consulting, and systems integration services, in addition to MPS offerings, such as asset lifecycle administration, implementation and decommissioning services, consumables administration, remote device monitoring and administration, and business process optimization services. This segment serves its customers through a network of distributors and resellers comprising IT resellers, direct marketing resellers, and copier dealers, in addition to through alliances and original equipment manufacturer (OEM) arrangements. The Enterprise Software segment provides a suite of enterprise content administration, business process administration, document output administration/customer communications administration that includes case administration, electronic signature, process analytics, information and application integration, intelligent content capture and data extraction, enterprise search software, and medical imaging vendor neutral archive software products and solutions. This segment offers products and solutions through third-party resellers, in addition to through an OEM program.