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DNA Stock Alert: Ginkgo Bioworks Plunges on Plan for Reverse Stock Split

Aug 5, 2024, 3:51 AM EDT1 sourcesAI-analyzed

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Ginkgo Bioworks plans a reverse stock split of 1-for-20 to 1-for-40. Shareholders will vote on this plan on August 14, 2024. The split aims to prevent delisting from the NYSE due to low share price. DNA stock has fallen 23.4% recently, down 83% this year.

  • Ginkgo Bioworks plans a reverse stock split of 1-for-20 to 1-for-40.
  • Shareholders will vote on this plan on August 14, 2024.
  • The split aims to prevent delisting from the NYSE due to low share price.
  • DNA stock has fallen 23.4% recently, down 83% this year.

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