Novo Integrated Sciences shares are trading lower after the company announced a 1-for-10 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Novo Integrated Sciences announced a 1-for-10 reverse stock split, leading to a decrease in its share price.
November 06, 2023 | 5:05 pm
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Novo Integrated Sciences' shares are trading lower after the company announced a 1-for-10 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. However, it can also be viewed negatively by investors as it often indicates a company's struggle to boost its stock price. In this case, the announcement led to a decrease in Novo Integrated Sciences' share price.
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