Entering text into the input field will update the search result below

China Information Technology plunges on 3M share equity incentive grant

Sep. 30, 2013 2:46 PM ETChina Information Technology (CNIT-OLD) StockCNIT-OLDBy: 2, SA News Editor
  • Shares of China Information Technology (CNIT-OLD -17%) are plunging after the company disclosed that it had granted 3M restricted shares to employees as part of its 2013 equity incentive program at a price of $3.00 per share with a 13-month lock-up. (6-K)
  • The shares represent a dilution of 11.1%.
  • Today's move also smacks of momentum reversal, after shares climbed 32% last week.

Recommended For You

More Trending News

Related Stocks

SymbolLast Price% Chg
CNIT-OLD--
China Information Technology