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 11, 2024 | 12:20 pm
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Vicarious Surgical (RBOT) shares are trading lower after the company announced a reverse stock split.
Reverse stock splits are often perceived negatively by investors as they can signal financial distress or efforts to meet listing requirements. This perception likely led to the immediate drop in RBOT's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100