Blue Star Foods Trading Premarket Following Effect Of 1-For-20 Reverse Stock Split
Portfolio Pulse from Charles Gross
Blue Star Foods Corp. (BSFC) is trading premarket following the effect of a 1-for-20 reverse stock split.
June 21, 2023 | 9:42 am
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Blue Star Foods Corp. (BSFC) is experiencing a 1-for-20 reverse stock split, which may impact its stock price in the short term.
A reverse stock split reduces the number of outstanding shares and increases the stock price proportionally. This can lead to short-term price fluctuations as the market adjusts to the new share structure. However, the overall value of the company remains the same, and the long-term impact on the stock price is uncertain. In this case, Blue Star Foods Corp. (BSFC) is undergoing a 1-for-20 reverse stock split, which may cause short-term price fluctuations but does not necessarily indicate a long-term trend.
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