XWELL shares are trading lower after the company announced a 1-for-20 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
XWELL has announced a 1-for-20 reverse stock split, leading to a decrease in its share price.

September 27, 2023 | 4:14 pm
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XWELL's announcement of a 1-for-20 reverse stock split has led to a decrease in its share price.
A reverse stock split reduces the number of shares in circulation, which can lead to an increase in the per-share price. However, it often signals financial trouble, which can negatively impact investor sentiment and lead to a decrease in share price. In this case, XWELL's announcement of a 1-for-20 reverse stock split has led to a decrease in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100