Harpoon Therapeutics August 15 Approved Reverse Stock Split Of Company's Outstanding Common Stock At Ratio Of One-for-Ten
Portfolio Pulse from Bill Haddad
Harpoon Therapeutics has approved a reverse stock split of the company's outstanding common stock at a ratio of one-for-ten, effective August 15.
September 01, 2023 | 4:04 pm
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Harpoon Therapeutics' reverse stock split could lead to a temporary increase in stock price but may also indicate underlying issues with the company's performance.
A reverse stock split reduces the number of shares outstanding, which can lead to a temporary increase in the stock price. However, it often indicates that a company is struggling to maintain its stock price, which could be a red flag for investors.
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