Inspirato shares are trading lower after the company announced a 1-for-20 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Inspirato has announced a 1-for-20 reverse stock split, leading to a decrease in its share price.
October 16, 2023 | 4:47 pm
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Inspirato's stock price is expected to decrease in the short term due to the announced 1-for-20 reverse stock split.
A reverse stock split reduces the number of shares in circulation, which can lead to a temporary decrease in the stock price as the market adjusts to the new share count. This is likely the reason for the decrease in Inspirato's stock price.
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