Moleculin Biotech shares are trading higher. The company announced a 1-for-15 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Moleculin Biotech, Inc. announced a 1-for-15 reverse stock split, leading to an increase in its share price. This corporate action is typically aimed at increasing the market price of a company's shares.

March 19, 2024 | 8:50 pm
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Moleculin Biotech announced a 1-for-15 reverse stock split, which has resulted in an increase in its share price.
Reverse stock splits are often executed to increase the market price of a company's shares, making them more appealing to investors and potentially in compliance with stock exchange listing requirements. For Moleculin Biotech, this action has led to a positive short-term impact on its share price as it may improve investor perception and meet regulatory standards for minimum share price.
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