Sacks Parente Golf shares are trading lower after the company effected a 1-for-10 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Sacks Parente Golf shares are trading lower after the company effected a 1-for-10 reverse stock split.
July 30, 2024 | 3:58 pm
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Sacks Parente Golf shares are trading lower after the company effected a 1-for-10 reverse stock split.
Reverse stock splits often lead to a decrease in share price as they can be perceived as a sign of financial instability or an attempt to meet listing requirements. The 1-for-10 reverse stock split by Sacks Parente Golf has led to a drop in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100