share_log

Rigel Pharmaceuticals To Carry Out 1-for-10 Reverse Stock Split On June 27th, 2024

Moomoo News ·  Jun 25 19:40

June 25th (Eastern Time) - $Rigel Pharmaceuticals (RIGL.US)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 27th, 2024.

$Rigel Pharmaceuticals (RIGL.US)$ rose 0.65% and closed at $0.9562 on June 24th with a turnover of $872.15K. $Rigel Pharmaceuticals (RIGL.US)$ now has a total market capitalization of $167.72 million.


What Is a Reverse Stock Split?

A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.

Note:

The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment