Motus GI Announces 1-For-15 Reverse Stock Split, Will Begin Trading On Split-Adjusted Basis Nov. 2
Portfolio Pulse from Benzinga Newsdesk
Motus GI has announced a 1-for-15 reverse stock split, which will begin trading on a split-adjusted basis from November 2.
November 01, 2023 | 12:04 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Motus GI's 1-for-15 reverse stock split will likely increase the per-share price but decrease the number of shares outstanding.
A reverse stock split increases the price per share and decreases the number of shares outstanding. This does not change the company's overall market value. However, it can make the stock more attractive to institutional investors who may have policies against buying stocks below a certain price. The impact on the stock price can be neutral as it depends on market perception of the split.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100