Tivic Health Systems shares are trading lower after the company announced a 1-for-100 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Tivic Health Systems has announced a 1-for-100 reverse stock split, leading to a decrease in its share price.
August 22, 2023 | 7:48 pm
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Tivic Health Systems' announcement of a 1-for-100 reverse stock split has led to a decrease in its share price.
Reverse stock splits are typically used by companies to increase their share price and attract investors. However, they also reduce the number of shares outstanding, which can lead to a decrease in the share price. In this case, Tivic Health Systems' announcement of a 1-for-100 reverse stock split has led to a decrease in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100