Agile Therapeutics surges ahead of reverse stock split

Agile Therapeutics

26/04/2022 14:15

** Agile Therapeutics' shares  AGRX.O  surges 26% to $0.17
premarket as board approves a 1-for-40 reverse stock split, to
be effective after market closes Tuesday 
    ** Adds reverse split will reduce number of outstanding
shares from about 146.7 million to about 3.7 million
 urn:newsml:reuters.com:*:nGNX2Wgjs0
    ** 2 of 3 brokerages rate the stock "buy" or higher, 1
"hold"; their median PT is $2
    ** Stock down 72% YTD up to last close

 (Reporting by Leroy Leo in Bengaluru)
 ((Leroy.Dsouza@thomsonreuters.com ; Twitter: https://twitter.com/LeroyLeo7;))