Tharimmune shares are trading higher after the company announced a 1-for-25 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Tharimmune shares have risen following the announcement of a 1-for-25 reverse stock split. This corporate action typically aims to boost the stock's market price and can often lead to a temporary increase in investor interest.
November 17, 2023 | 5:41 pm
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Tharimmune's announcement of a 1-for-25 reverse stock split has led to a rise in its share price. Reverse stock splits are often used to increase the market price of a stock, which can make it more attractive to investors and help maintain compliance with exchange listing requirements.
The positive short-term impact on Tharimmune's stock price is likely due to the reverse stock split reducing the number of shares available, which can artificially inflate the stock price. However, the long-term effects depend on the company's underlying fundamentals and market perception.
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