Thursday, June 11, 2020

Groupon stock: Why Groupon Stock Just Tumbled 12.5%

Here is the article.

June 10, 2020

Why is that? As Groupon advised this morning, its Annual Meeting of Stockholders yesterday approved a 1-for-20 reverse share split. In this scenario, investors who owned, say, 1,000 shares of the Groupon stock this morning will end up with just 50 shares when trading resumes tomorrow. 


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