SinTx Technologies Announces 1-For-200 Reverse Stock Split, Expected To Begin Trading On A Split-adjusted Basis When The Markets Open On May 28, 2024
Portfolio Pulse from Benzinga Newsdesk
SinTx Technologies, Inc. (NASDAQ:SINT) has announced a 1-for-200 reverse stock split, which will take effect on May 28, 2024. The company's stock will begin trading on a split-adjusted basis under the current symbol 'SINT' on the same day.
May 23, 2024 | 1:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
SinTx Technologies, Inc. (NASDAQ:SINT) has declared a 1-for-200 reverse stock split, effective May 28, 2024. The stock will trade on a split-adjusted basis under the symbol 'SINT' starting on the same day.
Reverse stock splits are often perceived negatively by investors as they can indicate a company is trying to boost its stock price artificially. This could lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100