Shares in MoviePass parent Helios & Matheson began trading over the counter today after the beleaguered company was delisted by the Nasdaq. The ouster from the major stock market comes after several warnings relayed in SEC filings in recent months, given that companies cannot have their shares trade below $1 for…

Seeking new sources of cash, MoviePass parent Helios & Matheson Analytics has agreed to sell institutional investors some 333.3 million units of common stock and warrants. In a press release, the company said the registered direct offering would close “on or about” January 16 and generate $5.4 million in…

After enduring the worst Christmas Eve trading session on record, stock markets staged a record rally today as bulls triumphed over bears wary of the churning political climate around trade and U.S. fiscal policy. The Dow, which plunged 600 points two days ago, had its biggest one-day gain in history, rising 1,086…

The stock market took a dive after President Donald Trump’s tough talk on trade with China, dragging down media and tech shares along with many other sectors. The Dow Jones Industrial Average fell 799.36 points, or 3%. It is now just above the 25,000-point milestone. The damage was worse on a percentage basis for the N…

On another rough day for Wall Street, major stock indices lost more ground, with the Dow Jones Industrial Average, Nasdaq and S&P 500 all now below where they began 2018. The Dow skidded 2% to finish at 24,463.47, while the S&P swooned a shade less than 2% to settle at 2,641.88. The Nasdaq fell another 1.7% to…

The board of directors of MoviePass parent Helios and Matheson has canceled a shareholder vote on a reverse stock split, warning in an SEC filing that if it doesn’t manage to prop up its share price soon, it will face delisting by the Nasdaq. The company known for pioneering subscription moviegoing, whose shares once…

On a rough day for Wall Street, especially the Nasdaq, media and tech stocks were hit harder than many other sectors. A large swath of the industry endured stock drops of 5-10% on the day — for many companies, those single-day losses were among their steepest of 2018. AT&T, which delivered mixed earnings news this…

Today’s stock market performance proved less dire than Wednesday’s bloodbath, but the two-day swoon has now shaved billions from media and tech companies. Fears about rising interest rates again prompted the heavy selling, with the arrival of corporate earnings season making investors worry about heavy debt burdens…

The U.S. stock market had its worst day since February, with major indices all plunging on rising interest rates and anxiety about tech investments, trade wars and the cost of Hurricane Michael. The Dow 30 dropped more than 800 points, or 3.1%, to finish at 25,608.03. The S&P also retreated more than 3%, while the…

After top executives from Facebook and Twitter faced a grilling in the U.S. Senate and reckoned with potential government regulation, investors gave the cold shoulder to their stocks and most of the tech sector. Shares in Twitter, Snap and Facebook all declined significantly, dragging the Nasdaq down more than 1% to…

The bizarre ride of MoviePass parent Helios and Matheson Analytics continued today after the company issued a preliminary proxy report unveiling proposals to overhaul its financial structure. With 15 minutes to go in today’s trading session, not long after the filing was posted, company shares abruptly spiked by more…

IQiyi, the Chinese streaming service owned by Baidu, filed for an IPO on Tuesday with the U.S. Securities and Exchange Commission. The move had been expected for some time and sets the initial offering at up to $1.5B. That figure is likely to shift with previous reports suggesting an offering would value the company…