WMIH Corporation (NASDAQ:WMIH) Up-Lists To A National Exchange

[[tagnumber 0]][[tagnumber 1]]After a rather bad experience in the second half of July and throughout August we finally saw the stock of WMIH Corporation (NASDAQ:WMIH) gain some ground this month, despite the obvious lack of press releases coming from company HQ.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]But [[tagnumber 6]]WMIH[[tagnumber 7]] isn’t you ordinary entity trading on the OTC marketplace. The company has a market cap of more than half a billion dollars and to be honest it does have some pretty impressive numbers to show when you check out the financial report for the second quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $39.24 million[[tagnumber 13]] [[tagnumber 12]]total assets: $717.63 million[[tagnumber 13]] [[tagnumber 12]]total liabilities: $203.14[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $1.47 million[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $73.48[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Definitely not bad for a company being traded on the OTC marketplace. This, the price per share and other factors, however, have contributed for the up–listing of [[tagnumber 6]]WMIH[[tagnumber 7]] on the NASDAQ national exchange.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Last Thursday the company announced that [[tagnumber 6]]WMIH[[tagnumber 7]] has received an approval to list its shares of common stock on the NASDAQ exchange and will begin trading there today. The stock stopped trading on the OTC marketplace after the market close in Friday.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The ticker did manage to close the week with a healthy 10.70% gain and finished the session with a price of $2.69. A total of 1.17 million traded share changed their owners and generated $3.21 million in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Once listed on the NASDAQ, however, it seems that not everything is moonlight and roses. [[tagnumber 6]]WMIH[[tagnumber 7]] gapped up and opened at $2.98 in today’s trading, but quickly slid back down and is currently 2.86% below Friday’s close. Things might get pretty tough once [[tagnumber 6]]WMIH[[tagnumber 7]] catches the eye of the NASDAQ crowd, so be sure to do your due diligence and weigh out all the risks before putting any money on the line.[[tagnumber 2]]