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 19, 2024 | 11:44 am
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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