Axcella Health shares are trading lower after the company announced a 1-for-25 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Axcella Health has announced a 1-for-25 reverse stock split, leading to a decrease in its share price.
September 15, 2023 | 4:07 pm
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Axcella Health's stock price is expected to decrease in the short term due to the announced 1-for-25 reverse stock split.
Reverse stock splits are often used by companies to increase their share price and attract investors. However, they can also indicate that a company is struggling, which can lead to a decrease in share price. In this case, Axcella Health's announcement of a 1-for-25 reverse stock split has led to a decrease in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100