$RIDE To recap: 1. The deal is a BIG WIN for LMC, but it's not for GM. GM unhappy his wife is sleeping with other man. most likely it was GM selling their shares in LMC, causing selling pressure for the past 5 days. If this is the case, we should see SP to rise in coming days. 2. Foxconn may buy LMC out to make them listed in US stock market. (it will be finalised on Oct 31st) investopedia.com/ask/answer...
What Is a Back Door Listing?via: Investopedia