Germany began observing daylight saving to conserve fuel during World War I. The U.S. went through a lot of back-and-forth regarding daylight saving. The practice was adopted in 1918, abolished for unpopularity after WWI and reinstated during WWII â at this time it was called War Time and took place year round.
After its stock traded below $1 for 30 consecutive days Molycorp (MCP) received a delisting notice from the NYSE on December 30, 2014. An average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month.
Market cap is given by the formula, where MC is the market capitalization, N is the number of shares outstanding, and P is the closing price per share. For example, if some company has 4 million shares outstanding and the closing price per share is $20, its market cap is then $80 million. If the closing price per share rises to $21, the market cap becomes $84 million. If it drops to $19 per share, the market cap falls to $76 million.