Today: 7 July 2026
Sandisk (NASDAQ:SNDK) shares slide as memory bull cash-flow hopes tested
7 July 2026

Sandisk (NASDAQ:SNDK) shares slide as memory bull cash-flow hopes tested

MILPITAS, California, July 7, 2026, 10:06 PDT Sandisk stock dropped about 8.5% to $1,596.75 in morning trading on Nasdaq. That pullback hit a rally that The Motley Fool had pegged at 635% for the year as of Tuesday, down from a peak of 884%. Now investors are looking at whether slower NAND price hikes can still keep margins up if demand stays contracted.
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Micron (NASDAQ:MU) set for Nasdaq move as SK Hynix (KRX:000660) shakes up AI memory trade

Micron (NASDAQ:MU) drops $89 billion on Ford contract worries

7 July 2026
Micron Technology, Inc. was active in Tuesday’s regular Nasdaq session. According to Nasdaq’s 2026 calendar, markets close for Independence Day on July 3, not July 7. Regular U.S. trading runs from 9:30 a.m. to 4:00 p.m. ET. The stock last traded down $78.10 at $906.65, putting the market cap near $1.038 trillion. With that market cap and price, the share count works out to roughly 1.145 billion. The day’s drop shaved about $89.4 billion from equity value. The session low of $892.50 erased about $105.6 billion in value.
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Nasdaq climbs as AI trading contracts offset Dow weakness

Nasdaq futures weaker vs. Dow as chip shares slip ahead of Fed minutes

U.S. stock futures were mixed early Tuesday, with Nasdaq contracts falling and the Dow and Russell futures higher. Around 5:50 a.m. EDT, Dow Jones E-minis gained 122 points, or 0.23%. S&P 500 E-minis slipped 10.75 points, or 0.14%, while Nasdaq 100 E-minis lost 311.25 points, or 1.04%. Russell 2000 futures added 4.6 points, or 0.15%. Premarket cash trading was still going at the time of the report. Nasdaq shows July 3, not July 7, as the market's 2026 Independence Day close, with regular hours set for 9:30 a.m. to 4:00 p.m. Eastern.
7 July 2026
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S&P 500 gains narrow after hours as Rivian (NASDAQ:RIVN) drops, Fiserv (NASDAQ:FISV) rises

S&P 500 gains narrow after hours as Rivian (NASDAQ:RIVN) drops, Fiserv (NASDAQ:FISV) rises

U.S. stocks climbed Monday, but futures were more muted after the bell. The S&P 500 closed up 0.72% at 7,537.43, Nasdaq added 1.12% to 26,121.16, and the Dow rose 0.29% to 53,055.91. Shares of Broadcom Inc jumped 3.7% after the company and Apple Inc extended their custom-chip agreement through 2031. Even so, S&P 500 decliners led advancers by 1.3-to-1. The latest read came after market close. Out of MarketWatch’s 20 most-active after-hours stocks, 15 barely budged, trading within 0.25% up or down. Rivian was the only name in the group to move more than 1%. That’s notable since the regular session didn’t see much broad strength either. When the index closes high but only a handful of stocks move, the
7 July 2026
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Mountain Mike’s franchisee in Medford files for bankruptcy as debt pressures grow

Mountain Mike’s franchisee in Medford files for bankruptcy as debt pressures grow

MEDFORD, Oregon, July 6, 2026, 15:07 PDT Rogue Fare LLC, which runs five Mountain Mike’s Pizza outlets in southern Oregon, filed for Chapter 11 bankruptcy on July 1. The Medford company listed debts, putting a number to a chunk of the pizza business that isn’t public but still matters to lenders, vendors, and public competitors. Rogue Fare’s stores are in Klamath Falls, Grants Pass, Roseburg and two Medford spots, according to court papers and state records cited in reports.
7 July 2026
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SoundHound AI (NASDAQ:SOUN) call activity spikes with shares testing $7 floor

SoundHound AI (NASDAQ:SOUN) call activity spikes with shares testing $7 floor

SoundHound AI, Inc. jumped 6.26% to finish at $6.96 Monday. Volume hit 28.69 million shares, sitting a bit above its 65-day average. That move outpaced late-session gains in Invesco QQQ Trust and iShares Russell 2000 ETF, up 1.7% and 0.6% before the close. Trading resumed after Nasdaq’s July 3 Independence Day holiday. $7 is the key level here. On July 2, SoundHound said in a filing that the LivePerson, Inc. stock component will use a 10-day Nasdaq VWAP ending three trading days before close. But there’s a floor at $7 on SoundHound’s stock in the formula, and a cap at $12.
6 July 2026
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Dow Jones today: Dow closes above 53,000 as narrow chip-led rally beats weak breadth

Dow Jones today: Dow closes above 53,000 as narrow chip-led rally beats weak breadth

The Dow Jones Industrial Average closed above 53,000 for the first time on Monday, a record finish that looked stronger in the index than it did under the tape. The Dow ended at 53,056.80, up 156.73 points, or 0.30%, after a 52,648.69-to-53,060.10 range. The S&P 500 closed at 7,537.48, up 54.24 points, or 0.72%; the Nasdaq Composite rose 1.12%. The useful number was not just 53,000. It was 408.11 points, the Dow’s rebound from its session low to the close. Earlier, the Dow had been down 251 points, and only 12 of its 30 stocks were rising, according to Dow Jones Market Data cited by MarketWatch. S&P 500 decliners outnumbered advancers by 1.3-to-1 in Reuters’ midday market update.
6 July 2026
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Lemonade (NYSE:LMND) stock up after company tops analyst premium retention forecasts

Lemonade (NYSE:LMND) stock up after company tops analyst premium retention forecasts

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6 July 2026
Lemonade, Inc. climbed 8.4% to $77.50 by early afternoon in New York. The exchange was open, having marked Independence Day on Friday, July 3. Regular core hours are 9:30 a.m. to 4 p.m. ET, according to the New York Stock Exchange. The move outpaced the broader market. SPDR S&P 500 ETF Trust, Financial Select Sector SPDR Fund and iShares Russell 2000 ETF each gained under 1%. SPDR S&P Insurance ETF slipped 0.5%.
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Archer Aviation surge puts Wall Street price targets to the test after Russell shift

Archer Aviation surge puts Wall Street price targets to the test after Russell shift

Archer Aviation Inc. shares rose early Monday afternoon, but the bigger question for investors was what happens to the stock’s gains after factoring in dilution now that the electric aircraft company is more involved in Russell value indexes. Shares were at $5.31, up 6.6% as of 1:46 p.m. EDT, with volume of 24.1 million and market cap near $4.1 billion. Joby Aviation Inc. climbed 7.0% to $9.09. Invesco QQQ Trust was up 1.3%. iShares Russell 2000 Value ETF added 0.3%.
6 July 2026
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Nebius Group (NASDAQ:NBIS) bounce keeps AI-cloud stock trading in tight range

Nebius Group (NASDAQ:NBIS) bounce keeps AI-cloud stock trading in tight range

Nebius Group N.V. rose Monday. Investors watched the spread between shares at $219.05 and recent insider tax-sale filings posted at $235.45. The average Google Finance target is showing $237.38. Shares traded up 1.6% at 12:52 p.m. EDT, volume near 9.7 million. CoreWeave, seen as the closest public peer in the AI cloud infrastructure space, was up 6.5%. Meta Platforms added 1.6%. Microsoft slipped 1.4%.
6 July 2026
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Netflix spread grows as Q2 revenue target stays tight

Netflix spread grows as Q2 revenue target stays tight

Netflix, Inc. dropped 1.7% to $76.31 around midday Monday, moving lower even as tech traded stronger after the Independence Day break. The Nasdaq 2026 calendar listed U.S. markets closed on July 3 for the holiday, and Monday’s regular session ran from 9:30 a.m. to 4 p.m. Eastern. For investors, the real story isn’t the pullback. It’s how close Netflix’s numbers are to Wall Street’s goals. Analysts on Investing.com put Q2 revenue at $12.58 billion, while Netflix guides for $12.574 billion. That’s about a $6 million difference, less than one-tenth of 1%.
6 July 2026
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Amazon (NASDAQ:AMZN) slips as forecast misses even with Nasdaq bounce

Amazon (NASDAQ:AMZN) slips as forecast misses even with Nasdaq bounce

Amazon.com, Inc. slipped at the open Monday on the Nasdaq, bucking gains in the tech sector as Wall Street opened up after being shut for the July 3 Independence Day holiday. The Nasdaq Composite gained 0.65% when markets opened. Invesco QQQ Trust Series 1 showed a 1.3% advance in the latest quote. Nasdaq regular hours run from 9:30 a.m. to 4 p.m. ET. Latest available quotes pointed to mixed action:
6 July 2026
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Broadcom shares jump on OpenAI move, margin outlook still in focus for AVGO

Broadcom (NASDAQ:AVGO) climbs after Apple (NASDAQ:AAPL) supply deal eases 2031 revenue risk

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6 July 2026
Broadcom Inc. traded higher in premarket on Monday after saying it will extend its chip partnership with Apple Inc. through 2031. The new deal makes Broadcom more of a long-term supplier to Apple, aiming at contract length instead of just another AI-chip move. Broadcom will supply a range of custom chips to Apple, which makes up around 20% of Broadcom’s yearly sales, analysts told Reuters. Broadcom was trading at $373.94 in MarketWatch’s delayed quote at 8:45 a.m. EDT, up $13.49 from its $360.45 close. With 4.76 billion shares on the table, that premarket move works out to nearly $64 billion in market cap added before the open.
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Oracle (NYSE:ORCL) stock looks for footing after AI backlog tops market value

Oracle (NYSE:ORCL) stock looks for footing after AI backlog tops market value

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6 July 2026
Oracle Corporation shares looked ready to bounce in premarket trading on Monday. Still, the main question for investors is whether Wall Street will keep backing a company with a backlog much bigger than its market cap. The New York Stock Exchange says Friday, July 3, will be its Independence Day holiday in 2026. Trading will resume Monday. Oracle finished the last session at $140.27, down 1.56%. Investing.com quoted Oracle at $143.93 premarket at 08:52:54, up 2.61%.
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AMD (NASDAQ:AMD) edges lower as market looks at $1 trillion CPU potential

AMD stock rebound weighs on AI premium after Nvidia delay chatter

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6 July 2026
Advanced Micro Devices Inc. traded at $530.64 in premarket at 04:46 ET, showing a 2.47% uptick from its $517.82 close in the last session, per Investing.com. The stock had dropped 4.26% in regular hours. The premarket rebound clawed back $12.82 of a $23.06 slide, or about 56%, but AMD was still $10.24 below its previous close using this calculation. The cash market hadn’t opened yet. For 2026, NYSE’s official calendar shows Friday, July 3 as the Independence Day holiday. Regular trading is scheduled for 9:30 a.m. to 4:00 p.m. ET.
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Recursion Pharmaceuticals (NASDAQ:RXRX) beats out biotech funds as filings, spending become focus

Recursion Pharmaceuticals (NASDAQ:RXRX) beats out biotech funds as filings, spending become focus

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6 July 2026
Recursion Pharmaceuticals, Inc. is outpacing the key biotech ETFs this week ahead of the July 6 reopen. The bigger move came on volume. Shares changed hands 114.1 million times in four sessions. That’s already more than the whole previous week. Investors are looking at Recursion’s big cash pile with no new clinical updates coming for months. U.S. stock markets didn’t open July 3 for the Independence Day holiday, leaving the most recent session on July 2. RXRX ended Thursday at $3.80, up 3.54%, trading 32.5 million shares. Broader markets showed a split: the SPDR S&P 500 ETF Trust dipped 0.13%, but biotech ETFs moved higher.
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Super Micro (NASDAQ:SMCI) trails other AI names as shares drop below June sale price

Super Micro (NASDAQ:SMCI) trails other AI names as shares drop below June sale price

Super Micro Computer, Inc. dropped 2.8% to $26.44 on Tuesday. That’s under the $27.50 level where it sold 45,454,545 common shares in June. Shares topped out at $26.96 during the session—still short of the sale price. This is the tougher figure for investors. Super Micro is getting measured not just by AI orders, but also by how much stock it might have to raise to make those sales happen.
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07 Jul
IREN slips after Anthropic buyout focuses attention on 2028 Australia plan

IREN slips after Anthropic buyout focuses attention on 2028 Australia plan

IREN Limited dropped in early afternoon trading Tuesday on the Nasdaq. But the main focus for investors was the company’s AI infrastructure timeline. The stock has been trading on expectations for AI growth. Reports suggest Anthropic is looking to buy in Australia on a quicker timeframe than IREN’s public power rollout. At 1:48 p.m. EDT, shares of IREN traded at $41.70, off 5.0%, putting its market cap around $13.9 billion. Bitcoin edged up 0.7% to $64,055. By 1:53 p.m. EDT, the Nasdaq Composite was down 0.7%.
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07 Jul
BlackBerry slides after convertible notes, insider selling hit QNX rally

BlackBerry slides after convertible notes, insider selling hit QNX rally

BlackBerry Limited traded lower Tuesday. But the filings tell more than the daily move. After a rally on earnings, the company’s 2029 convertible notes are now an active capital question. Executive Form 4 stock sales filed post-close Monday were minor compared to the notes issue. At 1:48 p.m. EDT, BlackBerry shares in the U.S. were at $11.265, off 1.0%. The stock traded between $10.68 and $11.50 earlier. It lagged the SPDR S&P 500 ETF Trust, but did a bit better than Invesco QQQ Trust Series 1.
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07 Jul
Tvardi Therapeutics, Inc. (NASDAQ:TVRD) stock jumps as Phase 1 data puts cash-value biotech under heavy churn

Tvardi Therapeutics, Inc. (NASDAQ:TVRD) stock jumps as Phase 1 data puts cash-value biotech under heavy churn

Tvardi Therapeutics, Inc. jumped as much as 89% on Tuesday after the STAT3 drug developer reported Phase 1 data for TTI-109, but the harder market signal was volume. About 53.9 million shares changed hands by early afternoon, equal to 5.7 times the 9.38 million shares outstanding listed in its latest quarterly filing. That churn matters because the stock had been priced below cash before the readout. At Monday’s close of $2.01, Tvardi’s equity value was about $18.9 million. At $2.81, its market value was $26.3 million, only a small premium to the $25.0 million of cash and short-term investments reported at March 31.
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07 Jul
Adobe surges while BofA sticks with AI sell call on buyback math

Adobe surges while BofA sticks with AI sell call on buyback math

Adobe Inc. climbed Tuesday despite a new bearish call from Bank of America Corp. Shares traded at $227.98, up $9.91, or 4.5%, according to the latest finance feed. Invesco QQQ Trust dropped 1.4%. SPDR S&P 500 ETF Trust was down 0.3%. What matters more to investors right now is cash coming back. Adobe’s market cap stood at around $91.75 billion, according to the latest data. The company’s $25 billion buyback plan, announced in April and going until April 30, 2030, is about 27% of its market cap.
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07 Jul
Joby Aviation (NYSE:JOBY) shares dip after string of insider filings renews share count questions

Joby Aviation (NYSE:JOBY) shares dip after string of insider filings renews share count questions

Joby Aviation, Inc. dropped 72.5 cents, or around 8.1%, to $8.20 Tuesday. Volume topped 24.4 million shares at last check. The stock started at $8.76, touched $9.00 before dropping to $8.05. The New York Stock Exchange resumed its regular session after closing July 3 for Independence Day. The selloff spread beyond Joby, but the stock dropped more than the broader market and hovered near electric air taxi rival Archer Aviation Inc.. Shares in Toyota Motor Corporation, which partners with Joby on manufacturing, barely moved.
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07 Jul
T1 Energy (T1E) sinks 16% ahead of July warrant expiry, board RSUs post fresh supply data

T1 Energy (T1E) sinks 16% ahead of July warrant expiry, board RSUs post fresh supply data

T1 Energy Inc. dropped hard in midday New York trading on Tuesday. The move comes two days ahead of public warrants expiring from the NYSE. U.S. markets were running normal hours; per the NYSE’s 2026 holiday calendar, Independence Day closure was July 3. Shares started the day at $8.38, climbed to $8.71 early on, and hit a low of $7.165. Market data showed volume at 25.4 million shares on the latest tick.
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07 Jul
Palantir (NASDAQ:PLTR) stock trades at 43 times sales as holiday week begins

Palantir (NASDAQ:PLTR) edges higher after Mexico insurer deal

Palantir Technologies Inc. moved up late Tuesday morning as the company said Grupo Nacional Provincial, or GNP Seguros, is its first announced commercial customer in Latin America. The news gave Palantir its first non-U.S. commercial reference on a day tech stocks traded down. Nasdaq was open for a normal session. Nasdaq’s 2026 holiday schedule puts the July Independence Day closure on July 3, with regular hours at 9:30 a.m. to 4 p.m. Eastern. The stock traded at $135.34, up 2.1%. Invesco QQQ Trust fell 2.0%, while SPDR S&P 500 ETF Trust slipped 0.6%. The 4.1-point move over QQQ stands out since this wasn’t a chip cycle update. It was a commercial software deal, and the company didn’t say what the
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07 Jul
SkinHealth Systems (NASDAQ:SKIN) rallies; FDA update brings $1 Nasdaq rule back into focus

SkinHealth Systems (NASDAQ:SKIN) rallies; FDA update brings $1 Nasdaq rule back into focus

SkinHealth Systems Inc. surged in busy trading Tuesday after the medical aesthetics company announced its SkinStylus microneedling device got a fresh FDA clearance for periorbital wrinkles. Investors focused less on the approval, more on the pricing. Shares jumped 49.9% to $1.1319 as of 12:06 p.m. EDT, moving in a range from $0.7715 to $1.17. Volume hit 60.2 million shares, well above the 65-day average of 1.17 million. That’s about 51.5 times typical volume, according to WSJ market data.
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07 Jul
Semiconductors ETF slide puts AI exposure in focus; Invesco (NYSEARCA:PSI) falls back

Semiconductors ETF slide puts AI exposure in focus; Invesco (NYSEARCA:PSI) falls back

Chip ETFs traded lower late Tuesday morning in New York, with the hardest fall coming from this year’s top performer, not the ETF with the most Nvidia. Invesco Semiconductors ETF slid roughly 7.8% to $147.08 near 11:50 a.m. EDT, according to latest pricing. VanEck Semiconductor ETF lost around 5.0%. Cross-ETF numbers from Benzinga’s July 6 holdings check and Tuesday’s late-morning pricing showed the reversal:
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07 Jul
Pfizer rebound keeps dividend stable, HSBC lowers upside by $23 billion

Pfizer rebound keeps dividend stable, HSBC lowers upside by $23 billion

Pfizer Inc. traded up 1.7% at $24.13 as of 11:48 a.m. EDT Tuesday, recovering some ground after Monday’s 2.47% slide to $23.72. The stock’s loss on Monday stood out with the S&P 500 up 0.72% and the Dow up 0.29%, making it a clear underperformer, not just a victim of the broader market. HSBC moved Pfizer to Hold from Buy and slashed its price target to $28 from $32, pointing to less confidence in a near-term re-rating. The firm now gives a 40% probability to market for sigvotatug vedotin, down after a Phase 3 lung cancer miss, and bumped its beta assumption to 0.85, up from 0.78.
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07 Jul
Micron (NASDAQ:MU) set for Nasdaq move as SK Hynix (KRX:000660) shakes up AI memory trade

Micron (NASDAQ:MU) drops $89 billion on Ford contract worries

Micron Technology, Inc. was active in Tuesday’s regular Nasdaq session. According to Nasdaq’s 2026 calendar, markets close for Independence Day on July 3, not July 7. Regular U.S. trading runs from 9:30 a.m. to 4:00 p.m. ET. The stock last traded down $78.10 at $906.65, putting the market cap near $1.038 trillion. With that market cap and price, the share count works out to roughly 1.145 billion. The day’s drop shaved about $89.4 billion from equity value. The session low of $892.50 erased about $105.6 billion in value.
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07 Jul
Nu Holdings down as proxy reveals buyback won’t move share count much

Nu Holdings down as proxy reveals buyback won’t move share count much

Nu Holdings Ltd. slipped 1.1% to $13.91 Tuesday, trading near the bottom of its $13.81 to $14.37 intraday band just before 11 a.m. in New York. The NYSE ran normal hours; its calendar puts the Independence Day holiday on July 3, with no mention of a July 7 close. Investors had already seen the meeting date, but the new detail came from Nu’s July 6 proxy filing. The company reported 3.81 billion Class A shares and 1.02 billion Class B shares outstanding on June 26. Each Class A share has one vote. Class B shares get 20 votes apiece.
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07 Jul
Trident Digital Tech (NASDAQ:TDTH) gains as founder debt exchange comes in under market price

Trident Digital Tech (NASDAQ:TDTH) gains as founder debt exchange comes in under market price

Trident Digital Tech Holdings Ltd rose Tuesday, bucking a softer U.S. market, after investors weighed in on a related-party debt swap that would turn a founder’s claim into restricted Class B shares ahead of a shareholder vote in Singapore. Trident was up 46.7% at $2.67 as of 10:48 a.m. EDT, moving from a $1.82 close. Shares opened at $3.01, reached $3.53, and volume for the day hit 33.2 million.
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07 Jul
Dow Jones today: Dow closes above 53,000 as narrow chip-led rally beats weak breadth

Dow slides as Caterpillar and Honeywell weigh on blue chips

NEW YORK, July 7, 2026, 11:04 EDT. The Dow Jones slipped with Caterpillar and Honeywell dragging on the index and offsetting strength in some defensive names. NEW YORK — U.S. stocks opened mostly lower Tuesday as regular cash trading began at 9:30 a.m. ET on the NYSE, with the session set to close at 4 p.m. The Nasdaq’s 2026 holiday calendar still puts the Independence Day break on July 3, not July 7. The Dow Jones Industrial Average was down but outperformed the S&P 500 and Nasdaq Composite, while chip stocks were hit hardest.
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07 Jul
SU Group Holdings (NASDAQ:SUGP) trades volume 20 times Class A shares after Hong Kong deal

SU Group Holdings (NASDAQ:SUGP) trades volume 20 times Class A shares after Hong Kong deal

SU Group Holdings stock saw heavy trade, with volume at 20 times the Class A share count after news of a Hong Kong contract win. HONG KONG, July 7, 2026, 22:04 HKT SU Group Holdings Limited rose 1.8% to $0.84 at 9:49 a.m. ET Tuesday. Shares jumped as high as $1.22 early but pulled back. Volume hit 73.5 million shares. All figures are from regular Nasdaq trading hours, which run 9:30 a.m. to 4 p.m. ET. Nasdaq shows July 3, 2026, as the Independence Day holiday, not this Tuesday.
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07 Jul
CCH Holdings (NASDAQ:CCHH) shares climb after $50M data-centre contract announcement

CCH Holdings (NASDAQ:CCHH) shares climb after $50M data-centre contract announcement

CCH Holdings Ltd jumped 28% to $0.575 in early trading Tuesday after the restaurant operator out of Malaysia said its unit signed a three-year sales and service deal for data-centre infrastructure. Shares hit $0.811 at the session high. The stock closed at about $0.45 on Monday. Volume stood at 100.6 million shares as of 9:50 a.m. EDT. The U.S. market had opened by the dateline. Nasdaq trading hours in the U.S. go from 9:30 a.m. to 4:00 p.m. ET. According to NasdaqTrader’s 2026 holiday schedule, the Independence Day closure is listed for July 3, not July 7.
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07 Jul
Plug Power (NASDAQ:PLUG) holds steady; cash burn almost equals Q1 revenue

Plug Power (NASDAQ:PLUG) falls after Australia order spotlights hydrogen subsidy math

Plug Power Inc. dropped early Tuesday. The hydrogen equipment maker had just announced a 50 MW electrolyzer order connected to an Australian industrial project that hit final investment decision. Plug last changed hands at $2.615, off 0.9% in the session. Shares moved between $2.59 and $2.76. Market cap was around $3.63 billion. The iShares Global Clean Energy ETF fell 1.3%. Invesco QQQ Trust dropped 1.4%. SPDR S&P 500 ETF Trust declined 0.2%.
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07 Jul
Nokia drops as investors shrug at FiberCop news, look to AI-optics prices

Nokia drops as investors shrug at FiberCop news, look to AI-optics prices

Nokia Oyj dropped in Helsinki on Tuesday, reversing more of the AI-optical-network gains that took the Finnish telecom group to a 16-year high earlier this year. The shares changed hands at €10.58 as of 17:02 Helsinki time, off 4.08% for the session, with a range from €10.52 to €10.88. Around 4.91 million shares traded, roughly 25% of the typical 19.55 million average. Nasdaq Helsinki regular hours are 10:00 to 18:30, so this was not a closing price.
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07 Jul
Select Medical (NYSE:SEM) last trade ends above buyout as Gulfport takes S&P spot

Select Medical (NYSE:SEM) last trade ends above buyout as Gulfport takes S&P spot

NYSE was running normal hours at the dateline. July 7 isn’t a scheduled 2026 exchange holiday. Select Medical Holdings Corporation was off the board after being taken private by a group led by Executive Chairman Robert A. Ortenzio, Martin F. Jackson, and Welsh, Carson, Anderson & Stowe. The company told the NYSE to halt trading before the open on July 1. The strange thing about the exit was the last print. Select Medical's last quoted price hit $16.51, which is actually a penny above the $16.50 cash merger price. That difference may look tiny, but it matters for event-driven funds: anyone buying at that price paid above the cash-out level, not including fees. Final trade volume was 27.8 million shares,
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07 Jul
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