Definition of reverse split in English:
Reduction in the number of a company’s traded shares that results in an increase in the par value or earnings per share.
- Trintech also announced a four-for-one reverse split in its Nasdaq shares to prevent the company being compulsorily delisted from the exchange.
- At the time, the shares were trading at $1.10, and they were still trading at about that price last week, so the reverse split has done little to increase returns.
- Lucent Technologies Inc, which has fallen from telecommunications bellwether to penny stock in less than three years, plans a reverse split of its shares to avoid being delisted from the New York Stock Exchange.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Spain
Most popular in Malaysia
Most popular in Pakistan