Strive tumbles 12% as reverse stock split stumps investors despite Semler acquisition

Strive experienced a 12% decline in its stock price following a reverse stock split, which confused investors despite the company's recent acquisition of Semler. The reverse split aimed to boost the stock's price and attract institutional investors, but it led to uncertainty among shareholders. Analysts noted that while the Semler acquisition could enhance Strive's market position, the negative reaction to the split overshadowed this potential benefit. The company's management is working to reassure investors about the long-term strategy and value of the acquisition.

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