Volcon shares are trading lower after the company announced a 1-for-100 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Volcon shares are trading lower following the company's announcement of a 1-for-100 reverse stock split.
June 07, 2024 | 3:09 pm
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Volcon announced a 1-for-100 reverse stock split, leading to a decline in its share price.
Reverse stock splits are often perceived negatively by investors as they can indicate financial instability or attempts to meet listing requirements. This has led to a decline in Volcon's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100