🔴 Rubico is trading 10.89% down in pre-market after its October 6 50% stock-dividend ex-date

Rubico is trading at $0.58, down 10.89% in pre-market; reports linked the prior session’s steep decline to trading on a dividend-adjusted basis after the October 6 ex-date.

• The 50% stock dividend added 0.50 share per existing share.
• On October 6, Rubico said it closed its previously disclosed acquisition of an additional tanker newbuilding, with a seven-year charter starting at delivery; reports do not identify the deal as the cause of the decline.
• Premarket volume and activity data were not available in the provided price context.