What's Going On With ShiftPixy Stock Today?
Portfolio Pulse from Adam Eckert
ShiftPixy Inc (NASDAQ:PIXY) has regained compliance with Nasdaq listing requirements by maintaining a share price greater than $1 for 10 consecutive trading days. This follows a one-for-twenty-four reverse split approved by shareholders on Aug. 21 and implemented on Sept. 30. Despite a rough year with the stock down nearly 98% year-to-date, ShiftPixy shares were up 9.35% at $5.73 at the time of publication.
November 01, 2023 | 2:57 pm
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ShiftPixy has regained compliance with Nasdaq, following a reverse split and maintaining a share price above $1 for 10 days. The stock, which is down nearly 98% YTD, was up 9.35% at the time of publication.
ShiftPixy regaining Nasdaq compliance is a positive development for the company, which could boost investor confidence and potentially lead to a short-term increase in the stock price. The stock was up 9.35% at the time of publication, indicating a positive market reaction. However, the stock is down nearly 98% YTD, suggesting that the company still faces significant challenges.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100