Why Jaguar Health Stock Is Tanking
Portfolio Pulse from Erica Kollmann
Jaguar Health, Inc. (NASDAQ:JAGX) shares are falling after the company announced a 1-for-60 reverse stock split to comply with Nasdaq's listing standards. The company also reported worse-than-expected first-quarter results, with losses of 6 cents per share and quarterly sales below estimates.
May 20, 2024 | 4:13 pm
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Jaguar Health shares are down 42.5% after announcing a 1-for-60 reverse stock split to comply with Nasdaq's listing standards and reporting worse-than-expected Q1 results.
The reverse stock split and poor earnings report are significant negative factors. The reverse split is often seen as a last resort to maintain listing standards, and the poor earnings further exacerbate investor concerns.
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IMPORTANCE 90
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