Soluna shares are trading lower after the company announced a 1-for-25 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Soluna announced a 1-for-25 reverse stock split, leading to a decrease in its share price.

October 12, 2023 | 3:07 pm
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Soluna's shares are trading lower after the company announced a 1-for-25 reverse stock split.
Reverse stock splits are often used by companies to increase their share price and attract investors. However, they can also be seen as a sign of trouble, leading to a decrease in investor confidence and a drop in the share price. This is likely the reason for the decrease in Soluna's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100