Why Guardion Health Sciences (GHSI) Stock Is Getting Hammered
Portfolio Pulse from Henry Khederian
Guardion Health Sciences (NASDAQ:GHSI) shares plummeted by 42.2% after announcing a plan of dissolution and liquidation, delisting from Nasdaq, and appointing a new interim CEO. The company will dissolve following the sale of its Viactiv® brand, with a liquidating dividend expected.
October 01, 2024 | 3:09 pm
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NEGATIVE IMPACT
Guardion Health Sciences announced a plan of dissolution and liquidation, leading to a 42.2% drop in stock price. The company will delist from Nasdaq and expects a liquidating dividend.
The announcement of dissolution and liquidation is a critical event for GHSI, leading to a significant drop in stock price. Delisting from Nasdaq and the uncertainty around the liquidating dividend further impact investor sentiment negatively.
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