Is moomoo glitching
$ReShape Lifesciences(RSLS.US$ it says on the historical high and on chart that this stock opened around 1.6M per share and has declined to 6 could someone clarify why if this is correct
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anhboyngheo : Reverse split. Let's say in 2019, one share is worth 100usd but the stock tank to 1 usd in 2020 . So, the company decides to reverse split in 2020 ( example 50:1 ratio) needing 50 shares to be merged into 1 share.
So in 2019 one share will actually be worth 50*100usd= 5000usd.
Repeat many times it will get into the millions..
Ironmoon35 anhboyngheo: Thats good.