Fundamental Global shares are trading higher. The company announced a 1-for-25 reverse stock split.
Portfolio Pulse from Benzinga Newsdesk
Fundamental Global shares are trading higher following the announcement of a 1-for-25 reverse stock split.
October 29, 2024 | 3:40 pm
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Fundamental Global announced a 1-for-25 reverse stock split, leading to a rise in its share price.
The announcement of a reverse stock split often leads to a temporary increase in stock price as it reduces the number of shares outstanding, potentially making the stock more attractive to investors. This is reflected in the current trading activity where FGF shares are trading higher.
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