Kaixin Stock to Reverse Split on Friday, October 25th (NASDAQ:KXIN)

Shares of Kaixin Holdings (NASDAQ:KXIN) are scheduled 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 closing bell on Thursday, October 24th.

Kaixin Price Performance

Shares of KXIN traded down $0.04 during mid-day trading on Wednesday, hitting $0.11. 15,586,469 shares of the company’s stock were exchanged, compared to its average volume of 12,026,376. Kaixin has a fifty-two week low of $0.06 and a fifty-two week high of $3.55. The business’s 50 day moving average is $0.13 and its two-hundred day moving average is $0.13.

About Kaixin

Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. The company is headquartered in Beijing, the People's Republic of China.