Why Crown Electrokinetics (CRKN) Stock Is Nosediving
Portfolio Pulse from Henry Khederian
Crown Electrokinetics (CRKN) shares have dropped by 15.7% to $2.20 after the company implemented a 1-for-60 reverse stock split. The split was approved by the company's Board of Directors and stockholders on August 11. The action affects all stockholders equally, without altering their proportional ownership in the company's common stock.
August 15, 2023 | 2:33 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Crown Electrokinetics' stock price has fallen following a 1-for-60 reverse stock split. The split does not change the proportional ownership of the company's common stock.
The reverse stock split has led to a decrease in the price of Crown Electrokinetics' shares. However, the proportional ownership of the company's common stock remains unchanged for all stockholders. This news is highly relevant to CRKN as it directly impacts the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100