Helios and Matheson: Jumps after plans to spinoff MoviePass

Helios and Matheson Analytics

23/10/2018 16:26

** Data analytics company's shares  HMNY.O  jump as much as
~51 pct to $0.0255; Most heavily traded stock across U.S.
indices
    ** Company plans to spinoff its unit MoviePass, which would
be listed on Nasdaq  urn:newsml:reuters.com:*:nBw8RKtf6a    
    ** HMNY acquired control of movie theater subscription
company MoviePass in Dec 2017 and holds ~92 pct of its
outstanding shares 
    ** As of June 30 https://www.sec.gov/Archives/edgar/data/1040792/000121390018011086/f10q0618_heliosandmatheson.htm,
 Helios has $15.5 mln in cash & cash equivalents
    ** More than 113 mln shares traded, 1.2x 25-day moving avg
    ** Exactly, a year ago, stock closed at $3,325 and has since
then lost nearly all its value

 (Reporting by Divya R in Bengaluru)
 ((divya.renganthan@thomsonreuters.com))