(NASDAQ: GRPN) (“Groupon” or the “Company”) announced today that the Company's board of directors has approved a reverse stock split of the Company's common stock at a ratio of 1-for-20, following approval of the reverse stock split by the Company's stockholders at the Annual Meeting of Stockholders held on June 9, ...

Why did Groupon do a reverse split?

Groupon Inc. said it plans on a 1-for-20 reverse stock split to inject some life into the company's ailing share price. ... One year ago, they were trading at more than $3.50 per share. The company said it will release its first quarter 2020 financial results on Tuesday, June 16, after the close of market trading.

Is a reverse split good for investors?

A reverse stock split could raise the share price enough to continue trading on the exchange. ... If a company's share price is too low, it's possible investors may steer clear of the stock out of fear that it's a bad buy; there may be a perception that the low price reflects a struggling or unproven company.