You forget though.
Even if it does a reverse split (not for another few weeks at the least), and let say we consider the worst case. The worst case would be that it does a 10:1 and it becomes $7.70 (using current price, however the price could be $8, $9, or $9.8, etc.), and then goes down several more dollars. It will NOT go below a dollar, and most likely will go UP. However, if it does go down because of extremely large pressure, then it would only be a couple of dollars.
In any case, the point is that if it does go down, the stock will come back up, and will go above the price it was set to at the split. This would happen shortly after any such downward occurrence.
Just find some past company reverse splits that have similar financials as LU, and review their historical. |
