Mogo shares are trading lower after the company announced a 3:1 share consolidation.
Portfolio Pulse from Benzinga Newsdesk
Mogo Inc. announced a 3:1 share consolidation, leading to a decrease in its stock price.
August 10, 2023 | 6:26 pm
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NEGATIVE IMPACT
Mogo's stock price is expected to be negatively impacted in the short term due to the announced 3:1 share consolidation.
Share consolidation often leads to a decrease in stock price as it reduces the number of shares available in the market. This can lead to a perceived decrease in the value of the company, causing investors to sell off their shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100