ZW Data Action Technologies shares are trading higher. The company announced a 1-for-4 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
ZW Data Action Technologies shares rose following the announcement of a 1-for-4 reverse stock split.
September 26, 2024 | 3:49 pm
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ZW Data Action Technologies announced a 1-for-4 reverse stock split, leading to a rise in its share price.
The reverse stock split reduces the number of shares outstanding, which can lead to a higher stock price per share. This often signals a strategic move to meet listing requirements or improve market perception, thus positively impacting the stock price in the short term.
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