VCI Global shares are trading lower. The company announced a 1-for-49 reverse stock split,
Portfolio Pulse from Benzinga Newsdesk
VCI Global shares are trading lower following the announcement of a 1-for-49 reverse stock split.
November 01, 2024 | 3:59 pm
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VCI Global announced a 1-for-49 reverse stock split, leading to a decrease in share price.
Reverse stock splits often lead to a decrease in share price as they can be perceived negatively by investors, indicating potential financial instability or an attempt to meet listing requirements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100