WeWork Earlier Announced It Will Proceed With A 1-for-40 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
WeWork has announced that it will proceed with a 1-for-40 reverse stock split.
August 18, 2023 | 1:24 pm
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NEUTRAL IMPACT
WeWork's decision to proceed with a 1-for-40 reverse stock split may impact its stock price.
A reverse stock split reduces the number of shares in circulation, which can lead to an increase in the stock price. However, it can also be seen as a negative signal about the company's performance, which could put downward pressure on the stock price. Therefore, the impact on WeWork's stock price is uncertain.
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