WaveDancer Announces 1-For-10 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
WaveDancer has announced a 1-for-10 reverse stock split. This action is typically taken by companies to increase the market price of their shares.
October 17, 2023 | 1:02 pm
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WaveDancer's 1-for-10 reverse stock split will increase the market price of its shares, which could make the stock more attractive to investors.
A reverse stock split reduces the number of shares in circulation, which typically increases the market price of the remaining shares. This could make the stock more attractive to investors, potentially leading to increased demand and a further increase in price.
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