ZW Data Action Technologies Inc. Announces Reverse Stock Split
Reverse Stock Split Announcement: ZW Data Action Technologies Inc. has approved a 1-for-4 reverse stock split effective September 30, 2024, to comply with Nasdaq's minimum bid price requirement of $1.00.
Impact on Shareholders: The reverse split will reduce the number of authorized shares from 50 million to 12.5 million, but shareholders' percentage ownership and voting power will remain largely unchanged, with no fractional shares issued.
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Why Stitch Fix Shares Are Trading Higher By Over 8%; Here Are 20 Stocks Moving Premarket
Stitch Fix Performance: Shares of Stitch Fix, Inc. rose 8.4% in pre-market trading after reporting better-than-expected third-quarter results, with losses of six cents per share and revenue of $325.02 million, surpassing analyst estimates.
Market Movements: Several stocks experienced significant pre-market trading changes, including Catheter Precision, Inc. which surged 101.9%, while Graphjet Technology saw a decline of 37.3% following a delisting notice from Nasdaq.
ZW Data Action Technologies Announces Board Changes
Director Resignation and Appointment: ZW Data Action Technologies Inc. announced the resignation of independent director Kevin Choi, with no disagreements noted, and appointed Justin Tam as the new independent director, who meets Nasdaq qualifications.
Company Performance Overview: The company's year-to-date price performance is down 41.87%, with an average trading volume of 97,640 and a current market cap of $4.2 million, while the technical sentiment consensus rating is "Buy."
