2. How does the reverse stock split impact WPG common stockholders? On December 17, 2020, shareholders approved a 1-for-9 reverse stock split of the Company's common stock.

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.

Is a reverse split in stocks bad?

A reverse stock split itself shouldn't impact an investor—their overall investment value remains the same, even as stocks are consolidated at a higher price. But the reasons behind the reverse stock split are worth investigating, and the split itself has the potential to drive stock prices down.