Li Bang Stock Plunges 23% After Hours: Here's What's Going On
Li Bang stock fell after hours after the company announced a 1-for-200 reverse stock split to maintain Nasdaq listing compliance.
Li Bang did a reverse stock split, which means they combined 200 old shares into 1 new share to follow Nasdaq's rules. When companies do this, it can worry people, so the stock price dropped; watch if the company fixes what caused the problem in the first place.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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