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Wheeler Real Estate Investment Trust Inc To Carry Out 1-for-5 Reverse Stock Split On June 28th, 2024

Moomoo News ·  Jun 26 19:40

June 26th (Eastern Time) - $Wheeler Real Estate Investment Trust Inc (WHLR.US)$ is about to implement a 1-for-5 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from June 28th, 2024.

$Wheeler Real Estate Investment Trust Inc (WHLR.US)$ slipped 2.78% and closed at $3.15 on June 25th with a turnover of $250.29K. $Wheeler Real Estate Investment Trust Inc (WHLR.US)$ now has a total market capitalization of $8.92 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
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