Orgenesis shares are trading lower after the company announced a 1-for-10 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Orgenesis shares declined following the announcement of a 1-for-10 reverse stock split, which typically reduces the number of shares outstanding and can impact stock price perception.
September 23, 2024 | 5:22 pm
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Orgenesis announced a 1-for-10 reverse stock split, leading to a decrease in share price. Reverse splits can affect investor perception and liquidity.
Reverse stock splits often lead to a negative perception among investors as they can be seen as a move to artificially inflate the stock price. This can result in a decrease in demand and a drop in share price.
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