HomeMarket NewsMicro Cap StocksThe Long and Winding Road of iBio's Stock: What's Behind the Sharp...

The Long and Winding Road of iBio’s Stock: What’s Behind the Sharp Plunge

Actionable Trade Ideas

always free

25

  • iBio recently approved a 20-to-1 reverse stock split of its common stock.
  • Fractional shareholders will receive cash payments.

iBio, Inc. IBIO recently approved a 20-to-1 reverse stock split of its common stock, which will take effect on November 29, 2023. This means that every 20 shares of existing stock will be combined into one share, but the total value remains the same.

Fractional shareholders will receive cash payments, and the total outstanding shares will decrease significantly. Stock options, warrants and equity plans will be adjusted accordingly.

The company’s transfer agent will provide instructions for exchanging old stock certificates for new ones, while shareholders with shares in brokerage accounts don’t need to take action.

See Also: Why ChargePoint Stock Hit A New All-Time Low Today

According to data from Benzinga Pro, iBio has a 52-week high of $2.60 and a 52-week low of $0.20.


Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.