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

Kaixin Holdings (NASDAQ:KXIN)’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.

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.