Kaixin (NASDAQ:KXIN) Shares Set to Reverse Split on Friday, October 25th

Shares of Kaixin Holdings (NASDAQ:KXIN) are going to reverse split before the market opens on Friday, October 25th. The 1-60 reverse split was announced on Wednesday, October 23rd. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, October 24th.

Kaixin Trading Down 27.4 %

NASDAQ:KXIN traded down $0.04 during trading hours on Wednesday, reaching $0.11. 15,586,469 shares of the company’s stock were exchanged, compared to its average volume of 12,026,376. Kaixin has a 12 month low of $0.06 and a 12 month high of $3.55. The business’s 50-day simple moving average is $0.13 and its two-hundred day simple moving average is $0.13.

About Kaixin

Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. The company is headquartered in Beijing, the People's Republic of China.