ARMOUR Residential REIT Announces 1-For-5 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
ARMOUR Residential REIT has announced a 1-for-5 reverse stock split. This action is typically taken by companies to increase the market price of their shares.
August 29, 2023 | 8:17 pm
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ARMOUR Residential REIT's 1-for-5 reverse stock split may increase the market price of its shares in the short term.
A reverse stock split reduces the number of shares outstanding, which can lead to an increase in the market price per share. This could make the stock more attractive to investors who may have previously perceived the stock as being too cheap. However, the company's market capitalization remains the same.
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