Recon Technology shares are trading higher. The company yesterday announced a 1-for-18 reverse stock splt.
Portfolio Pulse from Benzinga Newsdesk
Recon Technology's shares are trading higher following the announcement of a 1-for-18 reverse stock split made yesterday. This corporate action typically aims to increase the market price of a company's shares.

April 26, 2024 | 3:19 pm
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Recon Technology's stock is experiencing an increase in value following the announcement of a 1-for-18 reverse stock split.
Reverse stock splits are often executed to increase the per-share price of a stock, which can make the stock more attractive to investors and potentially meet exchange listing requirements. The positive market reaction suggests investors may view this move favorably in the short term, expecting it to add value or improve the stock's market standing.
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