Why Swvl Holdings Corp Stock Is Trading Lower

Swvl Holdings Corp (NASDAQ: SWVL) shares are trading lower by 11.2% to $0.15 Wednesday afternoon after the company approved a reverse stock split. What Else?

Swvl Holdings Corp (NASDAQ:SWVL) shares are trading lower by 11.2% to $0.15 Wednesday afternoon after the company approved a reverse stock split.

What Else?

The reverse split at the ratio of 1-for-25 will occur such that every 25 issued ordinary shares will be combined into 1 ordinary share.

Swvl Holdings says the company’s ordinary shares will begin trading on the Nasdaq Global Market on a split-adjusted basis at the start of trade on January 26.

See Also: Why Fox Corporation Stock Is Rising Today

According to data from Benzinga Pro, SWVL has a 52-week high of $11.40 and a 52-week low of $0.08.

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