OceanPal Announces 1-For-20 Reverse Stock Split To Be Effective June 8
Portfolio Pulse from Benzinga Newsdesk
OceanPal has announced a 1-for-20 reverse stock split, effective June 8. This move is aimed at increasing the company's stock price and attracting more investors.
June 07, 2023 | 12:28 pm
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OceanPal's 1-for-20 reverse stock split will increase the stock price, potentially attracting more investors.
A reverse stock split reduces the number of outstanding shares, which increases the stock price. This can make the stock more attractive to investors, potentially leading to increased demand and a higher stock price. OceanPal's 1-for-20 reverse stock split is likely to have a positive short-term impact on the stock price.
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