View's Reverse Stock Split Expected To Become Effective For Trading On July 27, 2023; Board Selects 60-for-1 Reverse Stock Split Ratio
Portfolio Pulse from Benzinga Newsdesk
View Inc. has announced a 60-for-1 reverse stock split which is expected to become effective for trading on July 27, 2023.
July 26, 2023 | 4:31 pm
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View Inc.'s 60-for-1 reverse stock split is expected to become effective for trading on July 27, 2023.
A reverse stock split reduces the number of shares outstanding, which can lead to an increase in the stock price. However, it does not change the company's overall market value. The impact on the stock price can be neutral in the short term as it depends on the market's reaction to the split.
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