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SITE Centers To Carry Out 1-for-4 Reverse Stock Split On August 19th, 2024

Moomoo News ·  Jul 15 19:40

July 15th (Eastern Time) - $SITE Centers (SITC.US)$ is about to implement a 1-for-4 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from August 19th, 2024.

$SITE Centers (SITC.US)$ rose 1.2% and closed at $15.23 on July 12th with a turnover of $21.9 million. $SITE Centers (SITC.US)$ now has a total market capitalization of $3.19 billion.


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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