Anybody hear why AWI gapped down about $5 today ? I've been looking everywhere and can't find anything on the wire about the "why"
Looks like it may have paid out a big dividend, some quote vendors are listing it as only down a buck and some change.
thanks for the input hughb. they did announce a special one-time dividend of $4.50 @ share on Feb 29th, "...payable March 31st to shareholders of record March 11th..". The stock did gap down from a close of $35.10 on March 6 to an open of $30.50 on March 7th (closed about $30). There may be an SEC rule that I am not aware of that records the "...shareholder of record..." a few days after you buy the stock. in any case, absent any other news, your hunch is the most logical reason. Q: anybody in the ETland know of such an SEC rule ? ahollybair