Blue Star Foods Corp. shares are trading lower after the company announced a 1-for-20 reverse stock split
Portfolio Pulse from Benzinga Newsdesk
Blue Star Foods Corp. announced a 1-for-20 reverse stock split, causing its shares to trade lower.
June 20, 2023 | 6:06 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Blue Star Foods Corp. 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 Blue Star Foods Corp. has led to a decrease in its share price. Reverse stock splits often lead to a decline in share prices as they are perceived negatively by investors, who may see it as a sign of financial distress or an attempt to meet listing requirements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100