NeuBase Therapeutics shares are trading lower after the company announced a 1-for-20 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
NeuBase Therapeutics announced a 1-for-20 reverse stock split, causing its shares to trade lower.
June 14, 2023 | 3:08 pm
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NeuBase Therapeutics' shares are trading lower due to the announced 1-for-20 reverse stock split.
The announcement of a 1-for-20 reverse stock split by NeuBase Therapeutics has led to a decrease in its share price. Reverse stock splits often lead to a decline in share price as they are perceived negatively by investors, who may see it as a sign of financial distress or an attempt to meet listing requirements.
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