Sells 90 % of ICON
Sold half in premarket at 6.80 Plus 4 cents
Sold rest at the open between 6.46 and 6.50 Minus 30 cents
Any SEC investigation will crush a stock. It may be a buy later but you don’t want to hold an existing position for a bounce as this could fall for several days before stabilizing.
28-Dec-15 08:01 ET
Iconix Brand announces it received a formal order of investigation from the Staff of the SEC; co intends to fully cooperate with the SEC (7.45)
- As previously disclosed, the Company is currently in a comment letter process with the Staff of the SEC related to the accounting treatment for the formation of certain joint ventures.
- Additionally, the Company formed a Special Committee of the Board of Directors to conduct a review of the accounting treatment related to certain of the Company’s transactions.
- Courtesy of Briefing.com