What Happened To ShiftPixy Stock Today?
Portfolio Pulse from Ryan Gustafson
ShiftPixy, Inc. (NASDAQ:PIXY) shares surged on Monday following the company's announcement of a delay in its reverse stock split effective date. The split, originally scheduled for Sept. 30, has been postponed to Oct. 14, with trading on a post-reverse split basis expected to begin on Oct. 16. Following the announcement, ShiftPixy's shares rose approximately 150% on Monday, closing up 88.2% at $1.53.
October 02, 2023 | 8:54 pm
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ShiftPixy's shares surged following the announcement of a delay in its reverse stock split. The stock closed up 88.2% at $1.53.
The delay in ShiftPixy's reverse stock split has led to a surge in its stock price. Investors may be reacting positively to the delay, leading to the significant increase in the stock's value.
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