Originally Posted by
Sirius Roadkill
ok john . . . good question . . . here's how I get that kind of action . . . on June 26, 2009 . . . Sirius XM was dumped from the Russell . . . the "tape" from that day is presented as follows:
Jun 26, 2009 0.45 0.47 0.30 0.36 432,449,855
As indicated above, the High was $0.47, the low was $0.30. More importantly, the Open was $0.45 . . . the Close was $0.36 on total volume of 432,449,855
Thus . . .
($0.45 - $0.36)/$0.45 = -20.00%
Therefore, starting with an assumed close price today of $1.00 (actually closed at $1.01 but I was estimating well before the close when I made that post to Pluc) and by extrapolation to Siri being added-back to the Russell in June:
$1.00 X 1.20 = $1.20
$1.20 - $1.08 = $0.12
$0.12/$1.08 = 11.11%
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