EBET shares are trading lower after the company announced a 1-for-30 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
EBET has announced a 1-for-30 reverse stock split, leading to a decrease in its share price.
September 29, 2023 | 2:37 pm
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EBET's announcement of a 1-for-30 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 stock's price. However, it can also be viewed negatively by investors as it often indicates a company's struggle to maintain its stock price. In this case, the announcement has led to a decrease in EBET's share price.
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