On Friday, Shares of Cowen Group Inc (NASDAQ:COWN), remained flat and closed at $3.20 in the last trading session. The last trading range of the stock ranges between $3.05 and $3.25. Cowen Group, Inc. (COWN) (“Cowen” or the “Company”) recently declared that its Board of Directors has approved a reverse stock split of the Company’s outstanding shares of common stock at a ratio of one-for-four.
The reverse stock split is planned to take effect at 5:00 PM Eastern Time on December 2, 2016 (the “Effective Time”). At the Effective Time, the number of the Company’s authorized shares of Class A and Class B common stock will be reduced, on a one-for-four basis. The par value in each share of common stock will remain unchanged. Trading in Cowen’s common stock on a split adjusted basis is expected to begin at the market open on December 5, 2016. The Company’s Class A common stock will continue trading on the NASDAQ Global Market under the symbol “COWN” but will be assigned a new CUSIP number. The Company believes that existing stockholders will benefit from the ability to attract a broader range of shareholders as a result of the reverse stock split and a higher per share stock price.
3M Co (NYSE:MMM), jumped 0.46% and closed at $175.08 in the last trading session. The last trading range of the stock ranges between $173.73 and $175.13. The company’s Market capitalization is $105.79 Billion with the total Outstanding Shares of 601.47 million. 3M Food Safety, a worldwide leader in innovative solutions that assist the food and beverage industries ensure safety and quality in their products, is proud to offer safety from the start with the introduction of the new, 3M™ Molecular Detection Assay 2 – Cronobacter. The product joins four other next generation assays (Salmonella, E. coli O157 (counting H7), Listeria and Listeria monocytogenes) as part of the 3M™ Molecular Detection System pathogen testing platform.
Martin Marietta Materials, Inc. (NYSE:MLM), dropped -1.62% and closed at $229.74 in the last trading session. The last trading range of the stock ranges between $223.60 and $235.40.The company stock’s 52-week range is $108.31 – $235.40. Anne H. Lloyd, Executive Vice President and Chief Financial Officer of Martin Marietta Materials, Inc. (MLM), recently declared that the Board of Directors has declared a regular quarterly cash dividend of $0.42 (forty-two cents) per share on the Corporation’s common stock. This dividend, which represents a cash dividend of $1.68 per share on an annualized basis, is payable December 30, 2016, to shareholders of record at the close of business on December 1, 2016.