Staffing 360 Solutions shares are trading lower after the company announced that it will effect a reverse stock split of its common stock at a ratio of one post-split for every ten pre-split shares.
Portfolio Pulse from Benzinga Newsdesk
Staffing 360 Solutions shares are trading lower after the company announced a reverse stock split at a ratio of 1-for-10.
June 24, 2024 | 3:48 pm
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Staffing 360 Solutions announced a 1-for-10 reverse stock split, leading to a decline in share price.
Reverse stock splits are often perceived negatively by investors as they can signal financial distress or efforts to meet listing requirements. This announcement has led to a decline in STAF's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100