Reported Earlier, Seaport Entertainment Group To Trade On NYSE American Post-Spinoff, Announces Howard Hughes Holdings
Portfolio Pulse from Benzinga Newsdesk
Seaport Entertainment Group will begin 'when-issued' trading on NYSE American under the symbol 'SEG WI' on July 29, 2024, and 'regular-way' trading under the symbol 'SEG' on August 1, 2024. This follows a spinoff from Howard Hughes Holdings (HHH).
July 24, 2024 | 7:18 am
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Howard Hughes Holdings (HHH) announced the spinoff of Seaport Entertainment Group, with 'when-issued' trading starting on July 29, 2024, and 'regular-way' trading on August 1, 2024. This could impact HHH's stock price as investors react to the spinoff.
The spinoff of Seaport Entertainment Group is a significant corporate action for Howard Hughes Holdings. Investors may view this as a positive move, potentially unlocking value and leading to a short-term increase in HHH's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Seaport Entertainment Group will begin 'regular-way' trading on NYSE American under the symbol 'SEG' on August 1, 2024, following the 'when-issued' trading period.
The start of 'regular-way' trading for Seaport Entertainment Group marks the official availability of the stock. This is expected to attract investor attention and could lead to a positive price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Seaport Entertainment Group will begin 'when-issued' trading on NYSE American under the symbol 'SEG WI' on July 29, 2024. This is a precursor to the 'regular-way' trading starting on August 1, 2024.
The initiation of 'when-issued' trading for Seaport Entertainment Group is a key event, signaling the upcoming availability of the new stock. This is likely to generate investor interest and potentially drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100