22nd Century shares are trading lower after the company announced a 1-for-15 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
22nd Century announced a 1-for-15 reverse stock split, leading to a decrease in its share price.
July 03, 2023 | 12:38 pm
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22nd Century's stock price is expected to decrease in the short term due to the announced 1-for-15 reverse stock split.
A reverse stock split reduces the number of shares in circulation, which can lead to a decrease in the stock's liquidity and potentially its price. As 22nd Century has announced a 1-for-15 reverse stock split, it is expected that the stock price will decrease in the short term.
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