Strata Skin Sciences shares are trading lower. The company announced a 1-for-10 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Strata Skin Sciences announced a 1-for-10 reverse stock split, leading to its shares trading lower.
April 29, 2024 | 4:06 pm
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NEGATIVE IMPACT
Strata Skin Sciences announced a 1-for-10 reverse stock split, causing its shares to trade lower.
Reverse stock splits often lead to negative investor sentiment as they can be perceived as attempts to meet stock exchange listing requirements or mask underlying business issues. This perception can result in a decrease in share price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100