Kaixin Holdings (NASDAQ:KXIN – Free Report)’s stock is set to reverse split on the morning of Friday, October 25th. The 1-60 reverse split was announced on Wednesday, October 23rd. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 24th.
Kaixin Stock Down 27.4 %
Shares of KXIN stock traded down $0.04 during trading hours on Wednesday, reaching $0.11. 15,586,469 shares of the company traded hands, compared to its average volume of 12,026,376. The firm has a 50-day moving average price of $0.13 and a 200 day moving average price of $0.13. Kaixin has a 12-month low of $0.06 and a 12-month high of $3.55.
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