Wheeler Real Estate Investment Trust shares are trading lower after amending its reverse stock split ratio from 1-for-6 to 1-for-5.
Portfolio Pulse from Benzinga Newsdesk
Wheeler Real Estate Investment Trust (WHLR) shares are trading lower after the company amended its reverse stock split ratio from 1-for-6 to 1-for-5.
June 20, 2024 | 3:36 pm
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Wheeler Real Estate Investment Trust (WHLR) shares are trading lower following the amendment of its reverse stock split ratio from 1-for-6 to 1-for-5.
The amendment of the reverse stock split ratio indicates a change in the company's capital structure strategy, which can create uncertainty among investors. This has led to a negative reaction in the stock price.
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