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AGM Group Holdings Inc. Stock Soars 16.67% on Share Consolidation
Generated by AI AgentAinvest Pre-Market Radar
Friday, May 16, 2025 6:03 am ET1min read
AGM Group's stock surged 16.67% in pre-market trading on May 16, 2025, marking a significant uptick in investor interest and market sentiment.
AGM Group Holdings Inc. recently announced a 50-for-1 share consolidation, effective June 3, 2025. This strategic move aims to regain compliance with Nasdaq listing requirements and stabilize the company's market position. The consolidation will see each shareholder receiving one new share for every 50 shares they currently hold, under the same trading symbol "AGMH" but with a new CUSIP number, G0132V121.
The decision to consolidate shares comes after a challenging period for the company, with its stock price declining by over 90% in the past year. The reverse stock split is intended to boost the stock price and improve liquidity, potentially attracting more investors and enhancing market stability.
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