What's Going On With American Rebel Holdings Stock Monday?
Portfolio Pulse from Dylan Berman
American Rebel Holdings, Inc. (NASDAQ:AREB) shares are trading higher due to a 1-for-9 reverse stock split aimed at regaining compliance with Nasdaq's minimum bid price requirement. The stock split reduces the total stock count from 9.2 million to 1.2 million.
September 30, 2024 | 4:44 pm
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American Rebel Holdings announced a 1-for-9 reverse stock split to regain compliance with Nasdaq's $1 minimum bid price requirement. This move has led to a 34% increase in stock price.
The reverse stock split is a strategic move to increase the stock price and meet Nasdaq's listing requirements, which is positively perceived by the market, as evidenced by the 34% increase in stock price.
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