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Pieris Pharmaceuticals To Carry Out 1-for-80 Reverse Stock Split On April 23rd, 2024

moomoo News ·  Apr 19 19:40

April 20th - $Pieris Pharmaceuticals (PIRS.US)$ is about to implement a 1-for-80 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from April 23rd, 2024.

$Pieris Pharmaceuticals (PIRS.US)$ slipped 6.6% and closed at $0.145 on April 19th with a turnover of $288.62K. $Pieris Pharmaceuticals (PIRS.US)$ now has a total market capitalization of $14.34 million.


What Is a Reverse Stock Split?

A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.

Note:

The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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