share_log

Direxion Daily Technology Bear 3X Shares ETF To Carry Out 1-for-10 Reverse Stock Split On November 4th, 2024

Moomoo News ·  Oct 15, 2024 18:35

October 15th (Eastern Time) - $Direxion Daily Technology Bear 3X Shares ETF (TECS.US)$ is about to implement a 1-for-10 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from November 4th, 2024.

$Direxion Daily Technology Bear 3X Shares ETF (TECS.US)$ slipped 3.61% and closed at $4.8 on October 14th with a turnover of $83.01 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