Movano Health Announces 1-For-15 Reverse Stock Split, Shares Expected To Begin Trading On Split-Adjusted Basis On October 29, 2024
Portfolio Pulse from Benzinga Newsdesk
Movano Health (Nasdaq: MOVE) announced a 1-for-15 reverse stock split effective October 29, 2024. The stock will trade on a split-adjusted basis under the same symbol 'MOVE' with a new CUSIP number.
October 25, 2024 | 1:02 pm
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NEUTRAL IMPACT
Movano Health is implementing a 1-for-15 reverse stock split, effective October 29, 2024. This action is likely to impact the stock's liquidity and price per share.
The reverse stock split will reduce the number of shares outstanding, potentially increasing the stock price per share. However, it may also affect liquidity and investor perception. The impact on the stock price is uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100