ex-rights investment & finance definition
Losing
the right to buy a stock at a particular price because those rights expired.
Once the rights expire, the stock becomes ex-rights.
See ex-rights in Wall Street Words
Used to describe a stock that trades without giving the stockholder the privilege to receive rights to buy shares of a new stock issue. Because new shares are sold at below market price to rights holders, the rights have value. Thus, a stock trading ex-rights is worth less than the same stock with rights attached. A stock trading ex-rights is indicated in stock transaction tables in newspapers by the symbol
x near the volume column. Also called
rights off. Compare
rights on. See also
rights offering.
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