Stocks Analysis by Christine Short covering: S&P 500, US Small Cap 2000, Eli Lilly and Company, NVIDIA Corporation. Read Christine Short's latest article on Investing.com
2023 Trend: reverse splits are sharply on the rise
Bear markets will wear you out if they don’t scare you out. We are coming up on the first anniversary of the’s 3491 bottom. It was just 12 months ago when investors were unnerved by Fed Chair Jay Powell’s short and stern 8-minute message at the 2022 Jackson Hole Economic Symposium. Equities would then go into a tailspin for the following eight weeks, eventually finding a floor after the September CPI report was released in mid-October.
For instance, 2021’s era of rock-bottom interest rates and muted stock and bond market volatility resulted in just 68 reverse stock splits, a corporate action in which a company will reduce its share count and simultaneously increase its stock price, typically after a prolonged period of poor equity performance.Annual Split Count & Ratio LineThe following year featured a more normal 159 reverse splits globally, and we are on pace to do more than 200 in 2023.
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