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
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100