Velo3D shares are trading lower after the company announced a 1-for-35 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Velo3D shares are trading lower after the company announced a 1-for-35 reverse stock split.
June 11, 2024 | 12:26 pm
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Velo3D shares are trading lower after the company announced a 1-for-35 reverse stock split.
Reverse stock splits are often perceived negatively by investors as they can indicate underlying financial issues. This perception has led to a drop in Velo3D's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100