DarkIris (NASDAQ:DKI) Shares to Reverse Split on Monday, May 11th
by Doug Wharley · The Cerbat GemShares of DarkIris Inc. (NASDAQ:DKI – Free Report) are scheduled to reverse split on Monday, May 11th. The 1-16 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, May 10th.
DarkIris Price Performance
NASDAQ DKI traded down $0.06 during mid-day trading on Thursday, reaching $0.37. 769,786 shares of the stock were exchanged, compared to its average volume of 14,442,659. DarkIris has a one year low of $0.28 and a one year high of $15.00. The stock has a 50 day simple moving average of $0.43 and a 200-day simple moving average of $0.45.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of DarkIris from a “sell (e)” rating to a “sell (d-)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
View Our Latest Report on DarkIris
Insider Buying and Selling
In other news, CEO Zhifang Hong acquired 1,428,571 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was purchased at an average price of $0.35 per share, for a total transaction of $499,999.85. Following the purchase, the chief executive officer owned 6,878,171 shares in the company, valued at approximately $2,407,359.85. This represents a 26.21% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Institutional Investors Weigh In On DarkIris
An institutional investor recently bought a new position in DarkIris stock. Scientech Research LLC purchased a new position in DarkIris Inc. (NASDAQ:DKI – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 33,991 shares of the company’s stock, valued at approximately $44,000. Scientech Research LLC owned 0.19% of DarkIris at the end of the most recent quarter.
DarkIris Company Profile
DarkIris Inc is a holding company incorporated as an exempted company on May 31, 2024 under the laws of the Cayman Islands. We operate substantially all of our business through our subsidiaries in Hong Kong, namely Quantum Arts Co, Limited (“Quantum”) and Hongkong Stellar Wisdom Co, Limited (“Stellar”). Operated in Hong Kong, we are a comprehensive technology enterprise engaged in the development, publishing and operating of mobile digital games via various third-party digital storefronts. Our activities encompass including game design, programming and graphics, as well as distribution and operation of mobile games on various platforms.