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Why Tharimmune (THAR) Shares Are Moving

Benzinga ·  May 23 00:26

Tharimmune Inc (NASDAQ:THAR) shares are trading lower by 16.4% to $0.33 during Wednesday's session after the company announced a 1-for-15 reverse stock split of its common stock effective after trading closes on May 24.

The post-split trading will begin on May 28. Approved by shareholders on May 14, the split will consolidate every 15 shares into 1 share, with fractional shares rounded up. This adjustment will reduce the outstanding common stock to approximately 785,978 shares and proportionally adjust equity awards.

The reverse split aims to meet Nasdaq's $1.00 per share minimum bid price requirement for continued listing, though compliance is not guaranteed.

Should I Sell My THAR Stock?

When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.

Shares of Tharimmune have decreased by 96.44% in the past year. An investor who bought shares of Tharimmune at the beginning of the year would take a loss of $0.18 per share if they sold it today. The stock has fallen 13.51% over the past month, meaning an investor who bought shares on Apr. 1 would see a capital loss of $0.14.

Tharimmune shares have an all-time high of $102.5, representing 31169.16% upside from current levels.

Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Tharimmune stock currently has an RSI of 56.51, indicating neutral conditions.

According to data from Benzinga Pro, THAR has a 52-week high of $9.50 and a 52-week low of $0.30.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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