ShiftPixy shares are trading higher. The company announced its reverse stock 1-for-24 split effective date.
Portfolio Pulse from Benzinga Newsdesk
ShiftPixy has announced the effective date for its 1-for-24 reverse stock split, leading to a rise in its share prices.
September 26, 2023 | 8:39 pm
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ShiftPixy's announcement of a 1-for-24 reverse stock split has led to an increase in its share prices.
Reverse stock splits are often used by companies to increase their share price and attract investors. The announcement of the effective date for ShiftPixy's 1-for-24 reverse stock split has likely led to increased investor interest, causing a rise in its share prices.
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