ATI Physical Therapy Has Approved A 1-for-50 Reverse Stock Split, Which Will Become Effective At 4:01 P.M. Eastern Time On June 14
Portfolio Pulse from Benzinga Newsdesk
ATI Physical Therapy has approved a 1-for-50 reverse stock split, which will become effective at 4:01 PM Eastern Time on June 14.
June 14, 2023 | 10:02 am
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ATI Physical Therapy's 1-for-50 reverse stock split will take effect on June 14, potentially impacting the stock price.
Reverse stock splits are often used by companies to increase their stock price and meet listing requirements. However, they can also be perceived negatively by investors, as they may indicate financial distress or a lack of growth prospects. In the short term, this may lead to a decrease in the stock price of ATIP.
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