Can anyone explain the quote for baba today?
it closed at 75.x, but premarket the quote says 74.x, but the percentage change did not reflect the $1 drop
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Wei13 : 9027 is gone
101609980 : seems like there's a glitch in the system
Wei13 101609980 : Exclusion of power relationships
buy the dips : I was wondering the same thing I thought I was tripping
Ultra boy : Ex D less 1US$ right?
buy the dips : from my understanding it's down $1 to set aside to pay the shareholders today for dividends
Steven L : This is correct, consider $1 dividend deduction, the base (previos day close) price is $74.39 for 12/20.
麦克斯007 OP Steven L : This is weird though, I thought market should price in the dividend payout. Deducting the dividend payout from the quote price, what’s the logic?
mmmh : logic is the shareholders who held on at 75.39 close will see a 1 dollar cash in January 2024. so their cost is 74.39, not 75.39 at the start of trading day today.
AJ1977 : Today is ex dividend date of USD1. So need to deduct first
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