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Nucana Plunges 11.52% After Reverse Stock Split
Generated by AI AgentAinvest Pre-Market Radar
Thursday, Jun 12, 2025 7:03 am ET1min read
On June 12, 2025, Nucana's stock experienced a significant drop of 11.52% in pre-market trading.
Nucana recently announced a 1-for-25 reverse stock split, which means shareholders will now hold one share for every 25 shares they previously held. This move is often undertaken to boost the stock price and attract more investors, but it can also lead to short-term volatility as the market adjusts to the new share structure.
The company issued a statement after the market close on Friday, indicating that it is not aware of any material developments or pending news that could have caused the recent fluctuations in its stock price. This statement aims to reassure investors and mitigate any potential panic selling.
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