Assertio Holdings Inc (NASDAQ:ASRT) is taking a hit on Monday. Will it rebound?
As of 12.49, ASRT is down 11.07% to $0.4378. More than 6.51 million shares have been traded hands. The stock has moved within a range of $0.4190-$0.4579 after gapping lower on the open to $0.4280. Investors apparently did not like this mornings news.
ASRT Adjourns Annual Meeting of Shareholders
Assertio Holdings, Inc. Announces Adjournment of Annual Meeting of Shareholders
- ASRT announced partial results and the partial adjournment of the Company’s 2021 Annual Meeting of Shareholders (the “Annual Meeting”), which was held at 1:00 p.m. Central Time on May 11, 2021 and at which time all director nominees were elected and Proposals 4 and 5, as set forth in the Company’s Definitive Proxy Statement, were approved by stockholders.
- The Company adjourned the meeting with respect to Proposal 2 (the “Reverse Split and Proportional Authorized Shares Reduction Proposal”) and Proposal 3 (the “Increase in Authorized Shares Proposal”) for the limited purpose of allowing additional time for stockholders to vote.
- Support for Proposal 2 has exceeded 80% of the votes cast on the proposal, though approval of more than 50% of all of the Company’s outstanding shares of common stock is necessary for the proposal to be approved.
|SHARES OUTSTANDING||173.79 M|
|SHARE FLOAT (%)||169.01 M (97.60%)|
|% HELD BY INSTITUTIONS||22.42|
Recent Stock Performance
|+/- EMA(20)||0.52 (-15.38%)|
|+/- SMA(50)||0.65 (-32.31%)|
|+/- SMA(200)||0.67 (-34.33%)|
|CCI20||-86.7407||Sell||Chaikin Money Flow||-0.1820||Sell|
|MACD||-0.0619||Sell||Money Flow Index||50.9062||Buy|
|STOCH (14,3)||18.3636||OverSold||STOCH RSI||0.3312||Neutral|