Why Did GlucoTrack Plunge 10.71% After Reverse Stock Split?

On June 17, 2025, GlucoTrack's stock price experienced a significant drop of 10.71% in pre-market trading, sparking concerns among investors about the company's recent developments.

GlucoTrack recently announced a 1:60 reverse stock split, a move that aims to increase the stock's price per share. This decision comes as the company seeks to enhance its market position and attract more investors. The reverse stock split will reduce the number of outstanding shares, potentially making the stock more appealing to institutional investors who often have minimum share requirements.

This strategic move by GlucoTrack is part of a broader effort to stabilize and potentially boost its stock performance. The company has been facing challenges in the market, and the reverse stock split is seen as a proactive measure to address these issues. Investors are closely monitoring the situation to see how this decision will impact the company's future performance and market perception.