Crown Electrokinetics shares are trading lower after the company announced a 1-for-150 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Crown Electrokinetics shares are trading lower following the announcement of a 1-for-150 reverse stock split.
June 21, 2024 | 12:48 pm
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NEGATIVE IMPACT
Crown Electrokinetics shares are trading lower after the company announced a 1-for-150 reverse stock split.
Reverse stock splits are often perceived negatively by investors as they can indicate financial instability or an attempt to meet listing requirements. This has led to a drop in CRKN's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100