Bakkt Holdings shares are trading lower. The company announced a 1-for-25 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Bakkt Holdings announced a 1-for-25 reverse stock split, leading to a decrease in its share price.
April 24, 2024 | 3:09 pm
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Bakkt Holdings announced a 1-for-25 reverse stock split, which has led to its shares trading down.
Reverse stock splits often lead to a negative perception among investors as they can be seen as an attempt to boost the stock price artificially or to meet exchange listing requirements. This perception can result in a decrease in share price in the short term.
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