Medalist Diversified REIT Board Approves One-For-Ten Reverse Stock Split Of Shares Of Common Stock And Five-For-One Forward Stock Split
Portfolio Pulse from Benzinga Newsdesk
Medalist Diversified REIT's Board has approved a one-for-ten reverse stock split and a five-for-one forward stock split of its common stock, effective July 2, 2024.
June 20, 2024 | 9:02 pm
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Medalist Diversified REIT has announced a one-for-ten reverse stock split and a five-for-one forward stock split, effective July 2, 2024. This could lead to short-term volatility in the stock price as investors react to the changes.
The reverse stock split will reduce the number of shares outstanding, potentially increasing the stock price, while the forward stock split will increase the number of shares, potentially decreasing the stock price. These actions could lead to short-term volatility as investors adjust their positions.
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