From Yahoo Finance: 2025-06-16 15:23:00

KULR Technology Group announced a reverse stock split, with an 8-for-1 ratio set for June 23. The move aims to maintain trading on the current exchange but triggered a 21.3% drop in the stock price. The company is down 74.5% year-to-date, prompting concerns about its future performance and investor reaction.

The reverse stock split, effective June 23, will combine eight existing shares into one new share. While it may boost the stock price, it won’t change the business fundamentals. By making this move, KULR aims to stay on the NYSE-American Market exchange and potentially avoid stricter compliance rules.

Investors are reacting negatively to KULR’s reverse stock-split news, fearing the company’s struggles and potential limitations on short-term gains. The move is seen as a necessary step to maintain accessibility for a wide range of investors, despite the stock’s recent performance.

The Motley Fool’s Stock Advisor team did not include KULR Technology Group in its top 10 stock picks, emphasizing other companies with potential for significant returns. The Stock Advisor has historically outperformed the S&P 500 and offers insights into high-growth opportunities for investors.



Read more at Yahoo Finance: Why KULR Technology Stock Is Plummeting Today