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Reverse stock split announcements, December 2024
Quantisnow recorded 23 reverse stock split announcements in December 2024 across 22 companies. JL (J-Long Group Limited) had the most, with 2, followed by OST (2). The busiest day was Dec 24, 2024, with 3.
Reverse splits, usually to regain an exchange's $1 minimum bid price.
- Events
- 23
- Companies
- 22
- Busiest day
- Dec 24
- 3 that day
- Most frequent
- JL
- 2 events
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Questions
- How many reverse stock split announcements were there in December 2024?
- Quantisnow recorded 23 reverse stock split announcements in December 2024 across 22 companies. JL (J-Long Group Limited) had the most, with 2, followed by OST (2). The busiest day was Dec 24, 2024, with 3.
- Why do companies do reverse stock splits?
- Most often to lift the share price back above $1 so the stock keeps its Nasdaq or NYSE listing. A reverse split does not change the company's value, but it is frequently followed by a new share offering, which is why traders watch them closely.