Biolase Announces 1-For-100 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
Biolase has announced a 1-for-100 reverse stock split. This action is typically taken by companies to increase the market price of their shares and attract more investors.
July 26, 2023 | 9:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Biolase's 1-for-100 reverse stock split could lead to an increase in the market price of its shares, potentially attracting more investors.
A reverse stock split reduces the number of shares in circulation, which can lead to an increase in the share price. This could make the stock more attractive to investors, potentially leading to increased demand and further price increases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100