Axcella Announces 1-For-25 Reverse Stock Split Effective September 19, 2023
Portfolio Pulse from Benzinga Newsdesk
Axcella has announced a 1-for-25 reverse stock split, which will be effective from September 19, 2023.
September 14, 2023 | 8:31 pm
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NEUTRAL IMPACT
Axcella's 1-for-25 reverse stock split will reduce the number of outstanding shares, potentially increasing the stock's price.
A reverse stock split reduces the number of shares outstanding, which can lead to an increase in the stock price. However, the impact on the stock's price can vary and is not guaranteed.
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