VivoPower shares are trading lower after the company announced a 1-for-10 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
VivoPower announced a 1-for-10 reverse stock split, leading to a decrease in its share price.
October 04, 2023 | 3:59 pm
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VivoPower's stock price is expected to decrease in the short term due to the announced 1-for-10 reverse stock split.
Reverse stock splits are often perceived negatively by the market as they are typically implemented by companies facing delisting due to low share prices. This can lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100