The iShares Ethereum Trust ETF (ETHA) completed a 1-for-3 reverse split on October 6, 2026, combining every three shares into one to increase the net asset value per share without changing the total value of holdings. This move comes amid mixed demand for spot Ethereum funds, with recent inflows followed by outflows, reflecting short-term volatility rather than a clear trend. Institutional investors have shown varied activity, with some reducing and others increasing their ETHA holdings. The reverse split does not affect the trust's overall value but may have tax implications for fractional shares redeemed for cash.
The iShares Ethereum Trust ETF (ETHA) completed a 1-for-3 reverse split on October 6, 2026. For readers following US stocks, here is Pluang's market snapshot as of Oct 06, 2026 20:00 WIB: out of 150 priced US stocks, 109 rose and 33 fell. Notable movers include Novavax Inc (NVAX) at USD 12.01 with a 1-day change of -4.38%, IQIYI Inc (IQ) at USD 0.99 down 4.09%, and Shopify Inc. (SHOP) at USD 165.99 up 3.67%.
Morgan Stanley analyst Bob Huang lowered American International Group's (AIG) price target to $80 from $81, with the stock trading around $76, indicating potential upside. AIG is set to report its Q3 2026 earnings on November 3, with investors focuse...
Vertiv Holdings, a maker of power and cooling equipment for data centers, faces mixed analyst opinions with GLJ Research rating it a "Sell" and BMO Capital giving an "Outperform" rating. Despite a recent stock pullback, the company reported a 241% in...
Apogee Enterprises reported strong fiscal Q2 results with adjusted earnings of $1.17 per share, nearly double the estimated $0.59, and revenue of $391.14 million, surpassing expectations of $362.6 million. This marks a continued trend of beating esti...
McKesson received a bullish price target of $977 from Morgan Stanley, suggesting a 6.7% upside from its current price of $915.45. The company agreed to acquire Option Care Health for $32.05 per share, valuing the deal at approximately $5.8 billion in...
Ameriprise Financial has authorized an additional $5.5 billion for share repurchases through September 2028, supported by $2.1 billion in excess capital and $2.8 billion in liquidity. The company returned $1.9 billion to shareholders in H1 2026, incl...
