Heart Test Laboratories shares are trading lower after the company's 1-for-100 reverse stock split began trading on a split-adjusted basis.
Portfolio Pulse from Benzinga Newsdesk
Heart Test Laboratories shares are trading lower following the commencement of its 1-for-100 reverse stock split on a split-adjusted basis.
May 17, 2024 | 4:49 pm
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NEGATIVE IMPACT
Heart Test Laboratories shares are trading lower after the company's 1-for-100 reverse stock split began trading on a split-adjusted basis.
Reverse stock splits often lead to a decrease in share price as they can be perceived negatively by investors, indicating potential financial instability or an attempt to meet listing requirements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100