💲 What are the historical effects of reverse splits on NCNA's stock price?

Reverse splits have historically had a negative impact on NCNA's stock price. The effects can be summarized as follows:

1. **Immediate Price Reaction**: Following the announcement of a reverse split, NCNA's stock price typically experiences an initial drop, often in the pre-market or early trading sessions.
2. **Short-Term Volatility**: The stock may continue to experience volatility in the short term, as investors react to the news and adjust their positions accordingly.
3. **Long-Term Trends**: While the immediate reaction is often negative, the long-term impact of reverse splits on NCNA's stock price depends on various factors, including the company's financial health, pipeline progress, and market sentiment.

In conclusion, reverse splits have historically led to a negative short-term price reaction for NCNA. However, the long-term effects can vary, and it's essential to consider the company's overall circumstances and market conditions.