Troika Media Group shares are trading lower after the company announced a 1-for-25 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Troika Media Group announced a 1-for-25 reverse stock split, causing its shares to trade lower.
May 31, 2023 | 7:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Troika Media Group's shares are trading lower due to the announced 1-for-25 reverse stock split.
The announcement of a 1-for-25 reverse stock split by Troika Media Group has led to a decrease in its share price. Reverse stock splits often signal a company's attempt to increase its stock price and avoid delisting, which can be perceived negatively by investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100