FuelCell Energy Announces 1-For-30 Reverse Stock Split
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FuelCell Energy, Inc. (Nasdaq: FCEL) announced a 1-for-30 reverse stock split effective November 8, 2024. Trading on a post-split basis will begin on November 11, 2024.
November 07, 2024 | 2:00 pm
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FuelCell Energy is implementing a 1-for-30 reverse stock split, effective November 8, 2024, with post-split trading starting November 11, 2024.
Reverse stock splits are often perceived negatively as they can indicate a company is trying to boost its stock price artificially. This may lead to a short-term decline in investor confidence and stock price.
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