www.investopedia.com/news/...stock-split-gale/?partner=YahooSA
For example, if the stock closes at $0.21 per share on November 11, then the adjusted opening price on November 14 will be $0.21 x 20, or $4.20 per share. The number of issued and outstanding common shares will decrease to approximately 10,850,953 shares.
Following the reverse split, the CUSIP number for Galena will change to 363256504, while the company shares will continue to trade on Nasdaq under the ticker GALE.
Read more: Galena Sets 1-For-20 Reverse Stock Split (GALE) | Investopedia www.investopedia.com/news/...e-stock-split-gale/#ixzz4Q0a4l56P
Follow us: Investopedia on Facebook
Read more: Galena Sets 1-For-20 Reverse Stock Split (GALE) | Investopedia www.investopedia.com/news/...e-stock-split-gale/#ixzz4Q0ZqcqqM
Follow us: Investopedia on Facebook