A Wacky Debut for Cypress Semi Stock
Benjamin says he is unsure where the $3.10 starting price comes from, but notes that the value of the standalone Cypress chip business has been the subject of much arbitrage since the spinoff plans were announced more than a year ago.
Odder still, a special Cypress ticker symbol issued ahead of the spinoff and designed to prepare the market for the new stock value, closed Monday at $6.50. In the end, however, Benjamin says, what matters to investors is the current valuation of the post-spinoff stock at $5.10 and more importantly, what the percentage moves will be from this point on.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,414.14 | 1,114.05 | 2,237.66 | 36.82 |
Oil *
72.73
|
|
UP
85.25
|
UP
11.58
|
UP
25.97
|
UP
1.36
|
10 Yr
3.68%
SPDR Gold
106.95
|
|
+0.83%
|
+1.05%
|
+1.17%
|
+3.84%
|
Data delayed 20 minutes |














