Why Tivic Health Systems (TIVC) Stock Is Trading Lower
Portfolio Pulse from Henry Khederian
Tivic Health Systems (NASDAQ:TIVC) stock is trading lower by 8.5% after the company announced a 1-for-100 reverse stock split. The move is aimed at complying with Nasdaq listing requirements as the company faced delisting due to low stock price. The reverse split is expected to restore compliance and maintain the company's Nasdaq listing.
August 24, 2023 | 6:32 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Tivic Health Systems' stock is trading lower following the announcement of a 1-for-100 reverse stock split. The move is aimed at preventing delisting from Nasdaq due to low stock price.
The announcement of a reverse stock split is often viewed negatively by the market as it is usually a measure taken by companies facing delisting due to low stock price. This is likely the reason for the drop in TIVC's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100