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23andMe To Carry Out 1-for-20 Reverse Stock Split On October 16th, 2024

Moomoo News ·  Oct 11 19:35

October 11th (Eastern Time) - $23andMe (ME.US)$ is about to implement a 1-for-20 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from October 16th, 2024.

$23andMe (ME.US)$ slipped 1.64% and closed at $0.2998 on October 10th with a turnover of $710.89K. $23andMe (ME.US)$ now has a total market capitalization of $151.7 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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