On Monday, Shares of Arch Coal Inc (NYSE:ACI), lost -16.94% to $0.220.
Arch Coal, declared a one-for-ten reverse stock split of Arch’s common stock. Arch’s stockholders granted authority to the Arch Board of Directors to effect this reverse stock split at the company’s annual meeting of stockholders on April 23, 2015. The reverse stock split is predictable to take place after market close on July 27, 2015. It also is predictable that Arch’s common stock will start trading on a split-adjusted basis on the New York Stock Exchange (“NYSE”) at the market open on July 28, 2015.
At the Effective Time, every ten issued and outstanding shares of Arch’s common stock, in addition to treasury shares, will be converted into one share of Arch’s common stock. While Arch’s common stock will continue to trade on the NYSE under the symbol “ACI,” it will have a new CUSIP number following the effectiveness of the reverse stock split. The reverse stock split will not modify any rights or preferences of Arch’s common stock. The reverse stock split is intended to enhance the market price per share of Arch common stock to allow Arch to maintain the listing of its common stock on the NYSE.
Arch Coal, Inc. produces and sells thermal and metallurgical coal from surface and underground mines located in the United States. As of December 31, 2014, it operated or contracted out the operation of 16 mines; and owned or controlled about 5.1 billion tons of proven and probable recoverable reserves.
Shares of Medidata Solutions Inc (NASDAQ:MDSO), inclined 3.35% to $59.88, during its last trading session.
Medidata, declared that it will release its second quarter 2015 financial results before the open of the market on Tuesday, July 21, 2015. Tarek Sherif, chief executive officer, and Rouven Bergmann, chief financial officer, will also hold a conference call at 8:00 a.m. ET for investors and analysts to talk about the Company’s results and business outlook.
Medidata Solutions, Inc. provides cloud-based clinical development solutions for life sciences in the United States and internationally. The company offers applications and data analytics for clinical development.
Finally, El Pollo LoCo Holdings Inc (NASDAQ:LOCO), ended its last trade with -0.69% loss, and closed at $18.80.
El Pollo Loco, declared the launch of their new line of $5 Pollo Bowl Combos. The four new Pollo Bowls are a fresh take on the popular Original Pollo Bowl(R) and feature El Pollo Loco’s famous citrus-marinated, fire-grilled chicken in the new Chicken & Shrimp, Mexican Caesar, Ranchero and Power bowl options.
“At El Pollo Loco, we’ve gone to obsessive lengths to offer the quality and taste our guests crave at a great value with our new Pollo Bowls,” said Ed Valle, Chief Marketing Officer of El Pollo Loco. “Our Original Pollo Bowl is a fan favorite and we are excited to unveil four new Pollo Bowls that combine our signature fire-grilled chicken with authentic ingredients like our perfectly marinated baja shrimp all in one bowl for only $5.”
El Pollo Loco Holdings, Inc., through its partner, El Pollo Loco, Inc., develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name in the United States.
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