INVO BioScience shares are trading higher after the company announced 1-for-20 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
INVO BioScience has announced a 1-for-20 reverse stock split, leading to a rise in its share prices.
July 27, 2023 | 4:58 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
INVO BioScience's announcement of a 1-for-20 reverse stock split has led to an increase in its share prices.
A reverse stock split reduces the number of shares in circulation, which can lead to an increase in the share price. This is because the earnings per share (EPS) increases, making the stock more attractive to investors. As a result, INVO BioScience's share price has increased following the announcement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100