TOP Ships (TOPS) Stock Tumbles After Effecting Reverse Split


TOP Ships Inc. (NASDAQ: TOPS) is tumbling in the market this morning, giving up more than 20% early on. The declines are happening for good reason. The company moved forward with yet another reverse stock split, opening the door to further potential dilution. Here’s what’s happening.

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TOPS Stock Tumbles On Reverse Split

On Friday, TOP Ships announced that its Board has approved a 1-for-25 reverse stock split. This means that for every 25 shares of TOPS stock owned on Friday, investors now have one share worth 25 times the value… well, before the premarket declines are accounted for.

Read more at Alpha Stock News!

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Hey, Im Joshua, the founder of CNA Finance. I enjoy following the trends in the market and finding the catalysts that are making the moves. If you want to get in contact with me, leave a comment below or email me at Please keep in mind that I am not an investment advisor and nor is CNA Finance. This is a news and information gathering outlet. We may work directly with some of the companies that we write about. If we have a business relationship with an issuer, we will mention that in the articles. We also have various affiliate relationships with advertisers and may be paid if you sign up for a service that you were referred to through our website.


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