Today will be very interesting as i expect high volatility for this stock. BPOP has confirmed that it will be doing a reverse stock split 10 to 1 on the last day of May.
As usual the reverse stocks split normally do not work to the favor of the actual shareholders and i suspect that volume will be in the 15M range instead of their usual 8.5M average.
The rational behing the split is correct and value of the stock will correct itself within 30-60 days after the split takes effect but for the coming weeks, it will be very interesting to watch.
I will be in around 1,60 as this would mean largely undervalue for this stock that should be trading near 3$.
As usual do not invest more than you can afford to lose and always do your own due diligence before investing in this stock or any stock.
As usual the reverse stocks split normally do not work to the favor of the actual shareholders and i suspect that volume will be in the 15M range instead of their usual 8.5M average.
The rational behing the split is correct and value of the stock will correct itself within 30-60 days after the split takes effect but for the coming weeks, it will be very interesting to watch.
I will be in around 1,60 as this would mean largely undervalue for this stock that should be trading near 3$.
As usual do not invest more than you can afford to lose and always do your own due diligence before investing in this stock or any stock.
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