Windtree Therapeutics shares are trading lower after the company approved a 1-for-18 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Windtree Therapeutics' shares are trading lower following the company's approval of a 1-for-18 reverse stock split.
April 18, 2024 | 5:23 pm
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Windtree Therapeutics' stock price is trading lower due to the approval of a 1-for-18 reverse stock split.
Reverse stock splits often lead to negative investor sentiment as they can be perceived as attempts by companies to meet stock exchange listing requirements or to artificially inflate stock prices. This perception can lead to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100