- The stock price of CohBar (CWBR) fell by over 5% intraday today. This is why.
The stock price of CohBar (CWBR) fell by over 5% intraday today.
Why: CohBar announced that its Board of Directors has approved a 1-for-30 reverse stock split of the company’s common stock. The reverse stock split will become effective at 12:01 am ET on September 23, 2022, and begin trading on a split-adjusted basis at the market open on September 23, 2022, with the new CUSIP number 19249J 307. The company is also implementing the reverse stock split to enable it to regain compliance with the Nasdaq $1.00 minimum bid price requirement.