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SPCE 20-1 Reverse Split on Monday

Written By: ChartChamp

June 14, 2024

On Monday June 17 SPCE will trade at a significantly higher price after a 20-1 reverse stock split. This is an attempt to keep the stock price higher to protect SPCE from getting delisted. This event could cause the price to rally, but so far we are seeing a dip headed into the date. I think the price is discounted at current levels below previous all time lows at $0.70. SPCE is trading at new all time lows, and this is an opportunity to buy before the reverse split. The yellow zone is the key target around $1.38 to $1.47, which is 100% ROI from current price. SPCE has been our worst performing stock by far so I’m waiting for the next upswing to make some decisions about exiting. Hopefully this reverse split helps to kickstart a rally.

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