Ocean Power Technologies (OPTT) Stock Drops Sharply After Hours: Here's Why
Ocean Power Technologies stock drops after hours following a 1-for-30 reverse stock split announcement.
Ocean Power Technologies announced a reverse stock split, which means 30 old shares become 1 new share. This kind of move often happens when a company's stock price gets too low, so watch whether the company's actual business is getting stronger or weaker.
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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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