Auto about 88 million banned stocks will be lifted on June 9

Summary: Auto NYSE listing MAY 30 news, auto about 88 million of the ban on June 9 will usher in the lifting of the ban-shareholders can choose to sell these shares, then the company's share price is likely to usher in a modest decline. This Part
Auto NYSE listing

May 30 News, auto about 88 million of the ban on June 9 will usher in the lifting of the ban-shareholders can choose to sell these shares, when the company's share price is likely to usher in a modest decline.

The main holders of the 88 million stocks that are about to be lifted are auto, the Australian operator Telstra, some VCs and auto executives. Under the auto agreement with the shareholders, they are not allowed to sell their shares between December 10, 2013 and June 9, 2014.

According to convention, when a large number of ban on the sale of stocks, as a result of the increase in sales, listed companies will have a short-term decline in share prices.

Auto on December 11 last year on the New York Stock Exchange, the stock Exchange code is "Athm", the opening price of 30.16 U.S. dollars, more than 17 U.S. dollars issued 77.4%.

Before March this year, auto's share price rose steadily to a maximum of $51.98 trillion. But in the late March, auto shares began to fall, falling 1.11% per cent to $34.85 a share May 29.