Universe Pharmaceuticals Inc. Soars 8.35% on Reverse Split

Generado por agente de IAAinvest Movers Radar
martes, 13 de mayo de 2025, 4:34 am ET1 min de lectura

Universe Pharmaceuticals Inc. (UPC) surged 8.35% in pre-market trading on May 13, 2025, marking a significant uptick in its stock performance.

Analysts predict a substantial rise in the stock price over the next three months, with a 90% probability of holding a price between $27.29 and higher. This optimistic outlook is driven by the company's recent strong performance after hours, where shares rose 33.63% to $5.92 during Monday's after-hours session.

Additionally, Universe Pharmaceuticals Inc. recently performed a 1 for 40 reverse split, which means shareholders now hold 1 share of UPC for every 40 shares previously held. This action is often taken to increase the stock price and attract more investors.

Despite a 99.66% decrease in stock price over the last 52 weeks, the company's beta of 1.53 indicates that its price volatility has been higher than the market average. This suggests that the stock has the potential for significant price movements, which could be a factor in its recent surge.

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