A corporate move aimed to reduce the number of existing shares of stock into fewer (higher-priced) shares. A reverse stock split, also referred as stock consolidation or stock merger, divides the existing total number of shares by a number. For example a 1-for-3 reverse split will give one share for every three shares that a qualifying shareholder owns, reducing the number of outstanding shares while increasing their price value by three folds. A stock split, in which a share is divided into many parts, is the opposite of a reverse stock split.
As we all know, 2022 has been a painful year, and it continues to be so. What works during a bearish market are a few strategies: shorts, inverse ETFs, holding cash positions and day trading. Today we take a look at ATXI and see how we day traded it. Watch this video to get the technicals. Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is