Wellchange Shares Scheduled to Reverse Split on Monday, November 9th (NASDAQ:WCT)

by · The Cerbat Gem

Shares of Wellchange Holdings Company Limited (NASDAQ:WCT – Free Report) are going to reverse split on Monday, November 9th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 8th.

Wellchange Trading Down 8.9%

Shares of Wellchange stock traded down $0.02 during trading on Thursday, hitting $0.24. 111,162 shares of the company’s stock were exchanged, compared to its average volume of 218,426. The business has a 50-day simple moving average of $3.81 and a 200-day simple moving average of $11.92. Wellchange has a 52-week low of $0.23 and a 52-week high of $67.50.

Analysts Set New Price Targets

Several equities research analysts have commented on WCT shares. Wall Street Zen raised shares of Wellchange from a “sell” rating to a “hold” rating in a report on Monday, October 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Wellchange in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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