Seelos Therapeutics shares are trading higher. The company announced a 1-for-16 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Seelos Therapeutics shares are trading higher following the announcement of a 1-for-16 reverse stock split.

September 25, 2024 | 12:18 pm
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Seelos Therapeutics announced a 1-for-16 reverse stock split, leading to a rise in its share price.
The announcement of a reverse stock split often leads to a temporary increase in share price as it reduces the number of shares outstanding, potentially making the stock more attractive to investors. This is reflected in the current trading activity where Seelos Therapeutics shares are trading higher.
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IMPORTANCE 80
RELEVANCE 100