Color Star Plunges 10.71% After Reverse Stock Split

On April 22, 2025, Color Star's stock experienced a significant drop of 10.71% in pre-market trading, marking a notable decline in its share price.

Color Star Technology Co., Ltd. recently announced a 1 for 100 reverse stock split, which means shareholders will now hold 1 share for every 100 shares they previously owned. This corporate action is likely to have contributed to the recent volatility in the stock's price, as investors adjust to the new share structure.

Investors and analysts are closely monitoring the situation, as the reverse split could potentially impact the company's liquidity and trading dynamics. The move is often seen as a strategy to boost the stock price by reducing the number of outstanding shares, which can make the stock more attractive to certain types of investors.