Will a 1-for-20 Reverse Split Save Virgin Galactic (SPCE) Stock?
Virgin Galactic(SPCE) Investor Place·2024-06-17 21:43
Virgin Galactic (NYSE:SPCE) stock is in the spotlight today as the company’s 1-for-20 reverse split goes into effect. The firm, which specializes in carrying out commercial space flights, is executing the split in order to comply with the New York Stock Exchange’s minimum bid requirement.SPCE Stock: Details About Virgin Galactic’s Reverse SplitThe reverse split will result in a 95% drop in the number of shares outstanding of SPCE stock. Consequently, the company’s share price should climb about 20 times whe ...