Monopar Therapeutics shares are trading lower after the company reported worse-than-expected Q2 EPS results and announced a 1-for-5 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Monopar Therapeutics shares are trading lower after the company reported worse-than-expected Q2 EPS results and announced a 1-for-5 reverse stock split.
August 09, 2024 | 1:03 pm
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Monopar Therapeutics shares are trading lower due to worse-than-expected Q2 EPS results and the announcement of a 1-for-5 reverse stock split.
The combination of worse-than-expected earnings and a reverse stock split typically signals financial distress or an attempt to boost the stock price artificially, leading to negative investor sentiment.
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