YPF (YPF) to Be Capitalized with New Shares, Profits Won't Be Reinvested; Shares Dip
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YPF (NYSE: YPF) shares falling midday as Bloomberg reporting Argentina's Economy Minister Axel Kiciloff has said profits will not be reinvested in the company, and, instead, YPF will be capitalized with new shares.
Shares are hanging onto positive territory, but have dipped notably from where the stock was trading prior to the headline. On the NYSE, the stock last traded at $28.92, up about 5.5 percent form Tuesday's close.
Shares are hanging onto positive territory, but have dipped notably from where the stock was trading prior to the headline. On the NYSE, the stock last traded at $28.92, up about 5.5 percent form Tuesday's close.
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