Seeking Alpha

National Bank of Greece (NBG) plummets 26% premarket as a report regulators may lift a ban on...

National Bank of Greece (NBG) plummets 26% premarket as a report regulators may lift a ban on short-selling of the nation's banks adds to the lender's well-publicized woes. The stock's off more than 40% since May's recapitalization and reverse split.
Comments (4)
  • Nate66
    , contributor
    Comments (12) | Send Message
     
    NGB is pluming to due a massive dilution, it has nothing to do with the short ban
    27 Jun 2013, 09:02 AM Reply Like
  • wadeyr
    , contributor
    Comments (199) | Send Message
     
    i thought it was just a reverse split? did they add more shares to the market?
    27 Jun 2013, 12:18 PM Reply Like
  • Jonathan N
    , contributor
    Comments (37) | Send Message
     
    The split was a reverse split, but prior shares were diluted as part of the recapitalization. The problem with the idea that this is the cause of today's sell off is that this information has been known for many months.
    27 Jun 2013, 05:54 PM Reply Like
  • Itemus47
    , contributor
    Comments (25) | Send Message
     
    This bank SHOULD survive but not as it currently stands i am afraid. She goes below 2 for sure.
    27 Jun 2013, 12:21 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs