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Nauticus Robotics To Carry Out 1-for-36 Reverse Stock Split On July 23rd, 2024
July 19th (Eastern Time) - $Nauticus Robotics(KITT.US)$ is about to implement a 1-for-36 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from July 23rd, 2024.$
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Why Nauticus Robotics (KITT) Stock Is Falling Sharply
Nauticus Robotics Inc (NASDAQ:KITT) shares are trading lower by 32% to the $0.08-level during Friday's session after the company announced a 1-for-36 reverse stock split, which has been approved by
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U.S. stocks traded mixed this morning, with the Dow Jones index falling more than 100 points on Friday.Following the market opening Friday, the Dow traded down 0.32% to 40,532.98 while the NASDAQ
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US stocks look set to open flat in Friday's trading session as investors take in a raft of earnings reports coming out, including those from American Express (AXP), Travelers Companies (TRV),
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Greener : I think it will Spike tomorrow. nothing impressive but hopefully enough to get out without a huge loss. it will probably crash back down near the end of the day or at least before the RS. I think they're going to want to do the RS above current price now though.
Greener : I think the stock split is still going to happen at the end of the trading day tomorrow. from the sounds of it it will begin trading the new share total on the 23rd.
RhioxOP Greener: The r/s happen early on the morning of date announced , that's why we have to wait until market open before trading starts. they first announced that it would be this morning, now it has changed to Tuesday morning. I wouldn't be surprised if they are trying to get price up some more. I think they are trying to make stock more appealing to investors/institutions.
Greener RhioxOP: I think we mean the same thing. I mean they will halt the stock some time tomorrow and it will resume trading the new price Tuesday.
Greener : looks like shorts are returning shares already.
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