Polished.com Announced 1:50 Reverse Stock Split Effective Oct 20, 2023
Portfolio Pulse from Charles Gross
Polished.com Inc. (NYSE:POL) has announced a 1-for-50 reverse stock split of its outstanding shares of common stock, effective from October 20, 2023. The company's common stock will continue to trade on the NYSE American under the existing symbol 'POL'.
October 19, 2023 | 5:51 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Polished.com's 1-for-50 reverse stock split may lead to a temporary increase in stock price due to reduced supply. However, the long-term impact will depend on the company's performance.
A reverse stock split reduces the number of shares in circulation, which can lead to a temporary increase in stock price due to reduced supply. However, the long-term impact on the stock price will depend on the company's performance and market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100