On Monday, Shares of Cousins Properties Inc (NYSE:CUZ), subtract -24.19% and closed at $7.57 in the last trading session. CUZ stock opened its last trade at $7.22 and after floating in a range of $7.19 to $7.66. The company’s Market capitalization is $1.59 Billion with the total Outstanding Shares of 22.50 million. During the 52-week trading session the minimum price at which share price traded, registered at $7.19 and reached to max level of $11.40. Cousins Properties Incorporated (CUZ) (“Cousins”) declared recently it has accomplished the spin-off of Parkway, Inc. (“New Parkway”), a new, independent REIT that will be publicly traded on the NYSE under the symbol “PKY.”
The spin-off occurred by means of a special dividend to Cousins stockholders of all of the outstanding shares of New Parkway stock. Under the terms of the spin-off, Cousins stockholders received one share of New Parkway common stock for every eight shares of Cousins common stock held as of the record date of October 6, 2016. Cousins common stockholders will receive cash in lieu of any fractional shares they would otherwise have been entitled to receive in the distribution.
Since October 3, 2016, New Parkway shares have traded on a “when issued” basis on the NYSE under the symbol “PKY.WI.” The “when issued” trading of New Parkway ended as of the market close on October 6, 2016. Starting recently, the “regular way” trading of New Parkway common stock will begin under the symbol “PKY.” Shares of Cousins will continue to trade under the symbol “CUZ.”
JetBlue Airways Corporation (NASDAQ:JBLU), dropped -0.39% and closed at $17.77 in the last trading session. JBLU stock opened its last trade at $17.80 and after floating in a range of $17.70 to $18.20. The company’s Market capitalization is $5.63 Billion with the total Outstanding Shares of 324.00 million. During the 52-week trading session the minimum price at which share price traded, registered at $14.76 and reached to max level of $27.00. JetBlue Airways Corporation (JBLU) stated its preliminary traffic results for September 2016. Traffic in September raised 10.8 percent from September 2015, on a capacity increase of 7.9 percent.
Load factor for September 2016 was 83.2 percent, a boost of 2.1 points from September 2015. JetBlue’s preliminary completion factor was 99.5 percent and its on-time (1) performance was 78.7 percent. JetBlue’s preliminary revenue per available seat mile (RASM) for the month of September reduced about two percent year over year. For the third quarter of 2016, RASM is expected to decrease between three and four percent year over year, in line with prior expectations.
JetBlue is New York’s Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 35 million customers a year to 97 cities in the U.S., Caribbean, and Latin America with an average of 925 daily flights.