IT Tech Packaging reverse stock split 1-for-10, effective today

• IT Tech Packaging (NYSE:ITP) announced that its 1-for-10  reverse stock split was approved by the Board on June 27, 2022 and is effective as of today, after market open today.
• Shares trading 732.6% higher premarket.

Comments

[Mo.Salaymeh]

According to the news, ITB "Shares trading 732.6% higher premarket". Are you sure of this information? Did the stock really trade up 732.6%? Or it was a system glitch that did not account for the stock reverse split (price was not adjusted for reverse splits)?

[philseeker2]

Wow, this is great! After the 1 for 10 split this stock ought to fall even further! Bargain prices ahead!