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Lunai Bioworks shares fall 17.92% intraday after announcing a 10-for-1 reverse stock split.
ByAinvest
Thursday, Sep 25, 2025 1:22 pm ET1min read
Lunai Bioworks Inc. dropped 17.92% in intraday trading, with the company announcing a 10-for-1 reverse stock split. This move is often seen as a bearish indicator, as it can signal that the company is trying to boost its stock price by reducing the number of shares outstanding, which can be perceived negatively by investors.
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