ZW Data Action Technologies Announces 1-For-4 Reverse Stock Split
Portfolio Pulse from Benzinga Newsdesk
ZW Data Action Technologies has announced a 1-for-4 reverse stock split, which will consolidate every four shares into one. This move is typically aimed at increasing the stock price by reducing the number of shares outstanding.
September 25, 2024 | 8:31 pm
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ZW Data Action Technologies is implementing a 1-for-4 reverse stock split, which will reduce the number of shares and potentially increase the stock price.
The reverse stock split will reduce the number of shares outstanding, which typically leads to an increase in the stock price. This is a significant corporate action that can affect investor perception and market dynamics.
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