Zhibao Technology (ZBAO) Stock Soars Over 60% After-Hours: What's Driving the Surge?
Zhibao Technology shares surge 60.24% in after-hours as company prepares for a 1-for-50 reverse stock split.
Zhibao Technology stock jumped 60 percent after hours because of a reverse stock split coming soon. A reverse split means the company is combining shares, which can look exciting but doesn't change what the company is actually worth.
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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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