Smart For Life shares are trading higher after the company announced a 1-for-3 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Smart For Life has announced a 1-for-3 reverse stock split, leading to a rise in its share prices.
October 26, 2023 | 7:29 pm
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Smart For Life's shares are trading higher after the company announced a 1-for-3 reverse stock split.
A reverse stock split reduces the number of shares in circulation, which can lead to an increase in the stock's price. This is because the earnings per share (EPS) increases, making the stock more attractive to investors. Therefore, the announcement of a 1-for-3 reverse stock split by Smart For Life has led to a rise in its share prices.
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