Wearable Devices Continues to Churn Through Its Float
DENVER, Colo., Nov 25, 2024 (247marketnews.com)- Wearable Devices (NASDAQ: WLDS) has already traded over 19 million shares in this morning’s premarket session.
After the October 1-for-20 reverse share split Wearable Devices shows to have 1.22 million shares outstanding and about 757 thousand shares in its float.
Nearly three weeks after the reverse split, Wearable Devices reported receiving a written notice from Nasdaq Stock Market indicating that the Company regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.
Assuming that some trades don’t actually settle, due to the volume to availability ratio, his may continue to squeeze higher.
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