(Reuters) -Space tourism company Virgin Galactic announced a 1-for-20 reverse stock split on Wednesday, sending its shares down 19% in extended trading. The stock split is expected to go into effect on June 14 after markets close and resume trading on .
On Semiconductor said on
Thursday it would cut its global workforce by about 1,000
employees. The company expects to incur between $65 million and $80
million in employment-related.
Chipmaker Onsemi said on
Thursday it would cut its global workforce by about 1,000
employees, as part of its previously announced strategy to
optimize its manufacturing network and streamline.
GameStop Raises $2.14 Billion Amid Roaring Kitty-Fueled Retail Trading Frenzy usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Shares of the videogame retailer, which has been at the center of the meme stock frenzy, rose more than 5% on the news before reversing course to fall 1.6% in volatile extended trading. On a livestream on Friday with more than 600,000 viewers, Gill, the key figure behind an eye-popping rally in the struggling company's stock in 2021, joked about memes and interspersed his discussion of GameStop with various disclaimers. GameStop said it sold the maximum amount of 75 million shares registered under the program.