Nauticus Robotics shares are trading lower after the company announced a 1-for-36 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Nauticus Robotics shares are trading lower after the company announced a 1-for-36 reverse stock split.

July 18, 2024 | 8:42 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Nauticus Robotics (KITT) shares are trading lower after the company announced a 1-for-36 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 decline in KITT's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100