Express shares are trading lower after the company issued preliminary Q2 financial results, announced a 1-for-20 reverse stock split and a workforce reduction by the end of Q3.
Portfolio Pulse from Benzinga Newsdesk
Express Inc. has issued preliminary Q2 financial results, announced a 1-for-20 reverse stock split, and plans to reduce its workforce by the end of Q3. This has led to a decrease in the company's share price.
August 18, 2023 | 4:59 pm
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Express Inc.'s shares are trading lower due to the announcement of preliminary Q2 results, a 1-for-20 reverse stock split, and a planned workforce reduction.
The company's announcement of preliminary Q2 results, a 1-for-20 reverse stock split, and a planned workforce reduction has negatively impacted investor sentiment, leading to a decrease in the share price.
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