Evogene shares are trading lower after the company announced a 1-for-10 reverse share split.
Portfolio Pulse from Benzinga Newsdesk
Evogene shares are trading lower following the company's announcement of a 1-for-10 reverse share split.
July 23, 2024 | 4:21 pm
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NEGATIVE IMPACT
Evogene shares are trading lower after the company announced a 1-for-10 reverse share split.
Reverse share 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 Evogene's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100