- Digital Brands Group Inc (NASDAQ:DBGI) has announced a 1-for-100 (1:100) reverse split of its common stock.
- The move comes after the approval of its shareholders on October 13, 2022.
- Beginning on November 4, 2022, the company’s stock will trade on the Nasdaq Capital Market on a split-adjusted basis.
- Digital Brands sells apparel through numerous brands on a both direct-to-consumer and wholesale basis.
- Price Action: DBGI shares are trading higher by 6.10% at $0.0870 on the last check Wednesday.
Entera Bio And 3 Other Stocks Under $1 Insiders Are Buying
The Dow Jones index closed slightly higher on Thursday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
