Lion Group Stock Trading Premarket Following Effect Of 1:28 Reverse Stock Split
Portfolio Pulse from Charles Gross
Lion Group Holding Ltd. (LGHL) has undergone a 1:28 reverse stock split, which is expected to impact its premarket trading.
July 13, 2023 | 8:59 am
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Lion Group Holding Ltd. (LGHL) has implemented a 1:28 reverse stock split, which is likely to affect its stock price in the short term.
A reverse stock split reduces the number of shares in circulation, which can lead to an increase in the stock price. However, it often indicates underlying issues in the company, which could negatively impact investor sentiment and drive the stock price down in the short term.
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