China Jo-Jo Drugstores shares are trading lower. The company reported a 1-for-20 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
China Jo-Jo Drugstores announced a 1-for-20 reverse stock split, leading to its shares trading lower.
February 28, 2024 | 6:20 pm
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China Jo-Jo Drugstores shares are trading lower due to a 1-for-20 reverse stock split.
Reverse stock splits often lead to negative investor perception as they can be seen as attempts to meet stock exchange listing requirements or mask underlying financial issues. This perception can result in a decrease in share price in the short term.
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