What's Going On With Greenwave Technology Stock?

What's Going On With Greenwave Technology Stock?

Benzinga ·  06/04 02:37

Greenwave Technology Solutions, Inc. (NASDAQ:GWAV) shares are trading lower Monday after the stock began trading on a split-adjusted basis following a 1-for-150 reverse stock split.


The Details:


Greenwave Technology announced the reverse stock split last week and shares began trading on a split-adjusted basis on Monday. The reverse stock split reduced the number of shares outstanding from 1,132,490,847 shares, the number of shares outstanding on May 31, to approximately 7,549,939 shares on June 3.


Greenwave said the reverse stock split was intended to increase the per-share trading price of its common stock to enable the company to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market.


The company announced on May 22 that it had retired all of its convertible debt and preferred shares and has eliminated $35.2 million in debt since the beginning of 2024.


Related News: What's Going On With Snowflake Stock?


How To Buy GWAV Stock:


By now you're likely curious about how to participate in the market for Greenwave Technology Solutions – be it to purchase shares, or even attempt to bet against the company.


Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stocks, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.


In the the case of Greenwave Technology, which is trading at $4.23 as of publishing time, $100 would buy you 23.64 shares of stock.


If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

如果您想押注股票下跌,流程就更爲複雜了。您需要訪問期權交易平台,或者找一家券商讓您通過借出股票進行“開空”操作(借股出售)。您可以在該資源中了解到賣空股票的過程。否則,如果您的券商允許您交易期權,您可以在當前股票交易價以上的執行價上購買看跌期權或者賣出看漲期權 - 無論哪種情況都可以讓您從股票價格下跌中獲利。

GWAV Price Action: According to Benzinga Pro, Greenwave Technology shares are down 27% at $4.24 at the time of publication Monday.

根據Benzinga Pro,截至週一發佈時間,綠波科技的股票下跌27%,至4.24美元。

Image: Clker-Free-Vector-Images from Pixabay