Granite Point Mortgage Trust Announces 1-For-10 Reverse Stock Split, Effective Oct. 5
Granite Point Mortgage Trust Inc. (NYSE: GPMT) ("GPMT," "Granite Point" or the "Company") today announced that its Board of Directors (the "Board") has been, and continues to be, engaged
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Why It Matters
Granite Point is combining every 10 shares into 1 share. This is a sign the stock price got very low and needs a boost.
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