Vicarious Surgical shares are trading lower after the company announced a reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Vicarious Surgical shares are trading lower after the company announced a reverse stock split.
June 10, 2024 | 8:27 pm
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Vicarious Surgical (RBOT) shares are trading lower after the company announced a reverse stock split. This move is often seen as a sign of financial distress or an attempt to meet listing requirements, which can negatively impact investor sentiment.
The announcement of a reverse stock split typically signals potential financial issues or an effort to meet exchange listing requirements. This can lead to negative investor sentiment and a decline in stock price.
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