Jaguar Health shares are trading lower after the company announced a 1-for-60 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Jaguar Health shares are trading lower following the announcement of a 1-for-60 reverse stock split.
May 17, 2024 | 8:17 pm
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Jaguar Health shares are experiencing a decline after the company announced a 1-for-60 reverse stock split.
Reverse stock splits are often perceived negatively by investors as they can indicate financial instability or efforts to meet listing requirements. This perception is likely causing the decline in Jaguar Health's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100