@Iron Eagle
@BartAtTheRanch Typically, a reverse split around or below the $5 price is done because a stock that routinely trades below $5 is considered either a penny stock and/or not tradeable by institutional investors. It also generally indicates a company earnings are eroding causing the valuation to drop to very low levels.If it drops below $1, the stock generally gets delisted from NYSE or NASDAQ.www.yahoo.com/… Cheer$!
@BartAtTheRanch Typically, a reverse split around or below the $5 price is done because a stock that routinely trades below $5 is considered either a penny stock and/or not tradeable by institutional investors. It also generally indicates a company earnings are eroding causing the valuation to drop to very low levels.If it drops below $1, the stock generally gets delisted from NYSE or NASDAQ.www.yahoo.com/… Cheer$!