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Why Did GrafTech Plunge 9.68% on Reverse Stock Split?
Generated by AI AgentAinvest Pre-Market Radar
Tuesday, Aug 19, 2025 9:15 am ET1min read
Aime SummaryOn August 19, 2025, GrafTech's stock experienced a significant drop of 9.68% in pre-market trading.
GrafTech International has announced a 1-for-10 reverse stock split, which will take effect at 12:01 a.m. Eastern Time on August 29, 2025. This decision was approved during a Special Meeting held on August 14, 2025. The reverse stock split aims to enhance liquidity, reduce the number of outstanding shares, and attract institutional investors by increasing the stock price.
The company's Board of Directors approved the reverse stock split to streamline its share structure and potentially make the stock more appealing to a broader range of investors. This strategic move is expected to have a positive impact on the company's market position and investor confidence in the long term.
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