SOS Stock Set to Reverse Split on Friday, June 16th (NYSE:SOS)

Posted by on Jun 8th, 2023

SOS Limited (NYSE:SOS – Get Rating)’s stock is scheduled to reverse split on Friday, June 16th. The 1-50 reverse split was announced on Friday, June 16th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, June 16th.

SOS Stock Performance

NYSE:SOS opened at $4.19 on Thursday. The business has a fifty day moving average price of $4.09 and a 200-day moving average price of $4.54. SOS has a one year low of $2.54 and a one year high of $24.99.

Institutional Investors Weigh In On SOS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. purchased a new position in shares of SOS during the 1st quarter valued at $70,000. Invesco Ltd. boosted its stake in shares of SOS by 28.1% in the first quarter. Invesco Ltd. now owns 171,295 shares of the company’s stock worth $92,000 after acquiring an additional 37,624 shares during the period. Millennium Management LLC purchased a new stake in shares of SOS during the second quarter worth about $47,000. Mirae Asset Global Investments Co. Ltd. raised its stake in SOS by 28.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 414,453 shares of the company’s stock valued at $222,000 after purchasing an additional 91,536 shares during the period. Finally, BlackRock Inc. lifted its holdings in SOS by 4.6% in the 1st quarter. BlackRock Inc. now owns 3,791,924 shares of the company’s stock worth $2,034,000 after purchasing an additional 167,272 shares in the last quarter. 0.86% of the stock is owned by hedge funds and other institutional investors.

About SOS

(Get Rating)

SOS Limited provides data mining and analysis services to corporate and individual members in the People's Republic of China. It provides marketing data, technology, and solutions for insurance companies; emergency rescue services; and insurance product and health care information portals. The company operates SOS cloud emergency rescue service software as a service platform that offers basic cloud products, such as medical rescue, auto rescue, financial rescue, and life rescue cards; cooperative cloud systems, including information rescue center, intelligent big data, and intelligent software and hardware; and information cloud systems, such as newsToday and E-commerce Today, 10086 hot-line center, information security services, and marketing-related data.

Featured Articles

Receive News & Ratings for SOS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SOS and related companies with MarketBeat.com's FREE daily email newsletter.