GeneDx Regains Compliance With Nasdaq Minimum Bid Price Requirement
Portfolio Pulse from Happy Mohamed
GeneDx (NASDAQ:WGS) has regained compliance with Nasdaq's minimum bid price requirement of $1.00 per share after a 1-for-33 reverse stock split. The company's Class A common stock had a closing bid price at or above $1.00 for ten consecutive business days.
May 22, 2023 | 8:11 pm
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POSITIVE IMPACT
GeneDx (WGS) has regained compliance with Nasdaq's minimum bid price requirement, potentially boosting investor confidence in the stock.
GeneDx regaining compliance with Nasdaq's minimum bid price requirement is a positive development for the company. It indicates that the company's financial situation has improved, and it is now meeting the requirements for continued listing on the Nasdaq Global Select Market. This news may boost investor confidence in the stock, leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100