OpGen Board Approves 1-For-10 Reverse Stock Split Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
OpGen's board has approved a 1-for-10 reverse stock split of its common stock. This move is typically aimed at increasing the stock price by reducing the number of shares outstanding.
May 16, 2024 | 11:23 am
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OpGen's board has approved a 1-for-10 reverse stock split of its common stock. This move is typically aimed at increasing the stock price by reducing the number of shares outstanding.
A reverse stock split is often used by companies to increase the stock price and meet listing requirements or attract investors. This action reduces the number of shares outstanding, which can lead to a higher stock price if the market reacts positively.
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