Seelos Therapeutics shares are trading higher. The company announced a 1-for-8 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Seelos Therapeutics shares are trading higher following the announcement of a 1-for-8 reverse stock split.
May 15, 2024 | 3:41 pm
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POSITIVE IMPACT
Seelos Therapeutics announced a 1-for-8 reverse stock split, leading to a rise in its share price.
The announcement of a reverse stock split often leads to a temporary increase in share price due to the perceived increase in value per share. This is reflected in the current trading activity of Seelos Therapeutics.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100