On Thursday, FreeSeas Inc (NASDAQ:FREE)’s shares inclined 8.61% to $0.0164.
FreeSeas Inc. (FREE) a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize vessels and an owner of a controlling stake in a company commercially operating tankers, announced that at the special meeting of the Company’s shareholders held on December 28, 2015, the shareholders granted discretionary authority to the Company’s board of directors to (A) amend the Amended and Restated Articles of Incorporation of the Company to effect one or more consolidations of the issued and outstanding shares of common stock, pursuant to which the shares of common stock would be combined and reclassified into one share of common stock at a ratio within the range from 1-for-2 up to 1-for-60 (the “Reverse Stock Split”) and (B) determine whether to arrange for the disposition of fractional interests by shareholder entitled thereto, to pay in cash the fair value of fractions of a share of common stock as of the time when those entitled to receive such fractions are determined, or to entitle shareholder to receive from the Company’s transfer agent, in lieu of any fractional share, the number of shares of common stock rounded up to the next whole number, provided that, (X) that the Company shall not effect Reverse Stock Splits that, in the aggregate, exceeds 1-for-60, and (Y) any Reverse Stock Split is completed no later than the first anniversary of the date of the special meeting.
FreeSeas Inc., through its auxiliaries, provides drybulk shipping services. Its vessels carry various drybulk commodities, such as iron ore, grain, and coal, in addition to bauxite, phosphate, fertilizers, steel products, cement, sugar, and rice. Its fleet consists of five Handysize vessels and one Handymax vessel.
Alibaba Group Holding Ltd (NYSE:BABA)’s shares dropped -0.51% to $81.26. The last trading range of Alibaba Group Holding Ltd (NYSE:BABA) ranges between $81.25 and $82.17. The EPS of the company stands at $3.73. The 52-week range shows that the stock reached higher at $105.34 while its lower range is $57.20 in the last 52-weeks. The average volume of the company is at 17.61 million with the Outstanding Shares of 2.50 billion. The market capitalization of the company is $204.19 billion. the RSI (Relative Strength Index) of 44.17.
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers; Juhuasuan, a group buying marketplace; Alibaba.com, an online wholesale marketplace; Alitrip, an online travel booking platform; 1688.com, an online wholesale marketplace; and AliExpress, a consumer marketplace.
Peabody Energy Corporation (NYSE:BTU)‘s shares dipped -4.23% to $7.69. Peabody Energy Corporation (NYSE:BTU) is now worth about $142.08 million. The share price has made a 0.52% gain in the past 5 days and has lost -93.44% since 2015 kicked off. The stock trades with a beta of 0.63. The stock price is below by -77.79% as contrast to the average price over the last 200 days. The company has 13.40% gross margins.
Peabody Energy Corporation offers mining of coal. The company operates through Western U.S. Mining, Midwestern U.S. Mining, Australian Mining, Trading and Brokerage, and Corporate and Other segments.
