share_log

Recon Technology To Carry Out 1-for-18 Reverse Stock Split On May 1st, 2024

moomoo News ·  Apr 26 19:40

April 27th - $Recon Technology (RCON.US)$ is about to implement a 1-for-18 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from May 1st, 2024.

$Recon Technology (RCON.US)$ rose 10.98% and closed at $0.091 on April 26th with a turnover of $1.37 million. $Recon Technology (RCON.US)$ now has a total market capitalization of $12.89 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
    Write a comment