AD
2024-07-01 20:08:25 +0300

Dear CLVS Stock Fans, Mark Your Calendars for July 7

Logo InvestorPlace
InvestorPlace
By William White

Source: Oleg Ivanov IL / Shutterstock.com

AD
AD

Clovis Oncology (NASDAQ:CLVS) stock is heading higher on Friday and investors will want to watch the company’s shares when July 7 rolls around!

So what’s the big news coming for CLVS stock next week? The company is holding an annual shareholder meeting next Friday. This comes as the company seeks shareholder approval for two major proposals during that meeting.

The first of these proposals is a reverse stock split. Clovis Oncology wants shareholders to approve this so that it can bump up the price of its shares and avoid a possible delisting from the Nasdaq Exchange.

The second proposal that Clovis Oncology wants approval for is reducing its total number of shares. Yet again, this is part of the company’s effort to avoid delisting on the Nasdaq Exchange.

Here’s what Clovis Oncology warns could happen if shareholders don’t approve these two proposals.

“The potential delisting of our common stock if we do not remain in compliance with the Nasdaq requirement that our common stock trade above $1 per share would constitute a Fundamental Change under our convertible notes indentures, triggering the immediate right of holders of the notes to require us to repurchase up to $443 million in principal amount of such debt, an amount that we would be unable to pay and resulting in the potential loss of all stockholder value.”

Continue read on investorplace.com

AD
Logo InvestorPlace
MarketsBy Larry Ramer2024-07-08 17:08:51 +0300
Clovis Oncology (NASDAQ: CLVS ) stock is rising 5% in early trading after Clovis’ shareholders decided to reject a proposal for a reverse split of the...

Logo InvestorPlace
MarketsBy Larry Ramer2024-07-07 19:16:52 +0300
Clovis Oncology (NASDAQ: CLVS ) is on investors’ radars as its shareholder meeting is resuming today. The company partially adjourned its annual shareholder...

Logo InvestorPlace
MarketsBy Shrey Dua2024-06-23 18:52:53 +0300
Vinco Ventures (NASDAQ: BBIG ) is trending up this morning after announcing a new distribution date for its Cryptyde spinoff. BBIG stock is up nearly 5% at...

Logo InvestorPlace
MarketsBy Samuel O'brient2024-07-08 21:44:32 +0300
One of 2022’s most popular meme stocks is shooting up today. Microcap Clovis Oncology (NASDAQ: CLVS ) has spiked by 30% as of this writing. Although its...

Logo Nasdaq
MarketsBy The Motley Fool2024-07-08 18:36:24 +0300
What happened Shares of Clovis Oncology (NASDAQ: CLVS) were skyrocketing 41.9% higher at 11:12 a.m. ET on Friday. The huge gain came after the company...

Logo InvestorPlace
MarketsBy Chris Mac Donald2024-06-17 21:47:31 +0300
Source: Shutterstock / PopTika This week has been a relatively dismal one for overall markets. However, investors in specific companies like Clovis Oncology...

Logo InvestorPlace
MarketsBy Chris Mac Donald2024-07-15 21:09:36 +0300
Source: Vitaliy Karimov / Shutterstock.com This week has been bumpy for investors in electric vehicle (EV) maker Tesla (NASDAQ: TSLA ). TSLA stock is down...

Logo InvestorPlace
MarketsBy Samuel O'brient2024-06-21 20:58:37 +0300
Source: BalkansCat / Shutterstock.com In another week for the summer of stock splits, Shopify (NYSE: SHOP ) is next in line to split its stock. Investors who...

Logo InvestorPlace
MarketsBy William White2024-07-07 18:01:47 +0300
AMC Entertainment (NYSE: AMC ) stock is in the news today as investors in the movie theater company prepare for a potential catalyst coming next month! AMC...

Logo InvestorPlace
MarketsBy Larry Ramer2024-07-07 16:38:08 +0300
GameStop (NYSE: GME ) has decided to implement a long-awaited 4-for-1 split of GME stock. It was initially approved by its shareholders on June 2. The...

Logo Benzinga
Business / FinanceBy Lisa Levin2024-07-08 17:20:00 +0300
U.S. stocks traded lower this morning following the release of jobs report for the month of June. Following the market opening Friday, the Dow traded down...

Logo Nasdaq
Business / FinanceBy The Motley Fool2024-07-07 19:27:21 +0300
What happened Shares of the small-cap cancer-treatment company Clovis Oncology (NASDAQ: CLVS) are having a rather volatile session today. The drugmaker's...

Logo InvestorPlace
MarketsBy William White2024-07-15 19:30:54 +0300
DraftKings (NASDAQ: DKNG ) stock is on the rise Friday after the company revealed plans to release its upcoming earnings report on Aug. 5. According to a...

Logo InvestorPlace
MarketsBy Larry Ramer2024-07-12 17:39:07 +0300
Bill Ackman’s special purpose acquisition company (SPAC), Pershing Square Tontine (NYSE: PSTH ), announced that it would suspend its operations “except for...

Logo InvestorPlace
MarketsBy William White2024-07-07 18:23:49 +0300
Source: photo_gonzo / Shutterstock ApeCoin ( APE-USD ) is a hot topic among crypto traders today as a major event is coming next week that has investors...

Logo InvestorPlace
MarketsBy Josh Enomoto2024-06-29 23:00:30 +0300
Mullen Automotive (NASDAQ: MULN ) sparked excitement among its loyal investor base when it announced earlier this month that it will disclose details about a...

Logo InvestorPlace
MarketsBy Eddie Pan2024-07-15 17:55:59 +0300
Earlier this week, Twitter (NYSE: TWTR ) announced that it would sue Elon Musk in Delaware court to hold him accountable for his $44 billion, or $54.20 per...

Logo Benzinga
MarketsBy Benzinga Insights2024-07-08 20:03:47 +0300
A whale with a lot of money to spend has taken a noticeably bearish stance on Clovis Oncology. Looking at options history for Clovis Oncology CLVS we...

Logo Nasdaq
Business / FinanceBy The Motley Fool2024-07-15 16:53:44 +0300
What happened Shares of commercial-stage biotech Clovis Oncology (NASDAQ: CLVS) fell by a noteworthy 14.9% through the first four days of trading this week,...

Logo PR Newswire
Business / FinancePress Release2024-07-08 01:13:00 +0300
CALGARY, AB, July 7, 2024 /CNW/ - Sundial Growers Inc. (Nasdaq: SNDL) ("Sundial" or the "Company") announces that its forthcoming Annual and Special Meeting...