$Phunware (PHUN.US)$ A reverse stock split has several effec...
$Phunware(PHUN.US$ A reverse stock split has several effects on the company: First, it can raise the price per share and make the company look more attractive, especially for investors who avoid low-priced stocks. Second, by reducing the number of shares in circulation, a reverse stock split may help the company meet the minimum share price requirements of certain stock exchanges. However, this move may also be interpreted by the market as a sign of the company's poor performance, which may have a negative impact on the company's stock price and investor confidence in the short term. In the long run, its effectiveness will depend on improvements in the company's fundamentals.
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Simon 5183 : Having said so much, simply put, 50 shares merged into 1 share, and the price per share increased 50 times; nothing else changed!