Cablevision Systems Trading 29% Lower Due to the AMC Networks Spin-off

Cablevision Systems

is down nearly 29% after the AMC Networks

spin-off. The shares of Cablevision Systems are currently trading at $25.80. Note to the investors: Cablevision Class A stockholders received one share of AMC Networks Class A common stock for every four shares of Cablevision Class A common stock they held as of the record date. Cablevision Class B stockholders received one share of AMC Networks Class B common stock for every four shares of Cablevision Class B common stock they held as of the record date. Hence, the investors did not face any losses from the decline in the share price. UPDATE: