Ex-Rights
Shares of stock that are trading but no longer have rights attached because they have either expired, been transferred to another investor or been exercised. The rights originally assigned to the stockholder are, for whatever reason, no longer valid or no longer applicable to the stock. Investopedia Says:
Ex-rights shares are worth less than shares which are not yet ex-rights - the ex-rights shares do not give a shareholder access to a rights offering. Renounceable rights may trade separately, allowing shareholders to choose to sell their rights rather than exercise them. Related Terms:
Ex-Date
Ex-Dividend
Ex-Warrant
Holder Of Record
Non-Renounceable Right
Record Date
Renounceable Right
Rights
Rights Offering
Theoretical Ex-Rights Price |