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Farmmi Plunges 10.94% Post Reverse Split
Generated by AI AgentAinvest Movers Radar
Thursday, Apr 24, 2025 5:44 am ET1min read
On April 24, 2025, Farmmi's stock experienced a significant drop of 10.94% in pre-market trading, marking a notable decline in its share price.
Farmmi recently announced the completion of a 1 for 12 reverse stock split, which means shareholders now hold one share for every twelve shares they previously owned. This corporate action is often undertaken to boost the stock price and attract more investors by reducing the number of outstanding shares.
Additionally,
has expanded its operations with the grand opening of a new warehouse in New Jersey. This strategic move is aimed at enhancing the company's logistics and distribution capabilities, potentially improving its operational efficiency and market reach.
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