Kaixin Stock to Reverse Split on Friday, October 25th (NASDAQ:KXIN)

Kaixin Holdings (NASDAQ:KXIN)’s stock is going to reverse split on the morning of Friday, October 25th. The 1-60 reverse split was announced on Wednesday, October 23rd. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 24th.

Kaixin Stock Performance

NASDAQ KXIN traded down $0.04 during trading on Wednesday, reaching $0.11. The company’s stock had a trading volume of 15,586,469 shares, compared to its average volume of 12,026,376. Kaixin has a 12 month low of $0.06 and a 12 month high of $3.55. The firm has a 50 day moving average price of $0.13 and a 200 day moving average price of $0.13.

About Kaixin

Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. The company is headquartered in Beijing, the People's Republic of China.