December 27th (Eastern Time) - $Cara Therapeutics (CARA.US)$ is about to implement a 1-for-12 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from December 31st, 2024.
$Cara Therapeutics (CARA.US)$ slipped 2.96% and closed at $0.4499 on December 26th with a turnover of $353.95K. $Cara Therapeutics (CARA.US)$ now has a total market capitalization of $24.67 million.
What Is a Reverse Stock Split?
A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.
Note:
The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.