MGT Capital Investments, Inc. (NYSE:MGT) walks on mix trends in market as shares moved down -14.77% to at $1.50 having average volume of 2820.79. The Charles Schwab Corporation released that it has planned a Fall Business Update for institutional investors on Friday, October 21st.
This Update, which will be held via webcast, is part of an ongoing series deinked to help the investment community keep abreast of recent developments and management’s strategic focus. The program is planned to run from 8:00 a.m. – 9:00 a.m. PT, 11:00 a.m. – 12:00 p.m. ET. Participants will include Walt Bettinger, President & Chief Executive Officer, and Joe Martinetto, Senior Executive Vice President & Chief Financial Officer. The stock held beta value of 1.72, while return on equity ratio was -182.30%.
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The Charles Schwab Corporation (NYSE:SCHW) considered as an active stocks in recently’s lead, shares moves down -0.09% to $32.40 as Lundin Law PC reported that a class action was filed against MGT Capital Investments, Inc. (NYSEMKT:MGT) concerning possible infringement of federal securities laws among May 9, 2016 and September 20, 2016 inclusive. Investors who purchased or otherwise takeoverd shares during the Class Period should contact the Firm before the November 21, 2016 lead plaintiff motion deadline.
The complaint alleges that during the Class Period, MGT made false and/or misleading statements and/or failed to disclose the risk that its stock to be issued in connection with the acquisitions of D-Vasive and Demonsaw may not be listed by the New York Stock Exchange; and that MGT was under inquiry by the U.S. Securities and Exchange Commission (“SEC”) previous to September 19, 2016. On September 19, 2016, MGT reported that it attained a subpoena from the SEC requesting information, and that it attained a notification from the NYSE that the exchange would not approve the listing of the 43.8 million shares MGT is required to issue in order to complete the D-Vasive merger. When this information went public, shares of MGT declined in value, causing investors harm.
The share price volatility always attracts active investors, as stock price of weekly volatility recorded 1.87% and monthly volatility was 2.03%. The firm is ahead its 52-week low of 51.36% and going down from its 52-week high price of -5.44%.
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