Mr Cooper Group Inc (COOP)

[David West]

What Is a Reverse Stock Split?

A reverse stock split is a type of corporate action that consolidates the number of existing shares of stock into fewer (higher priced) shares. A reverse stock split divides the existing total quantity of shares by a number such as five or ten, which would then be called a 1-for-5 or 1-for-10 reverse split, respectively. A reverse stock split is also known as a stock consolidation, stock merge, or share rollback and is the opposite of a stock split, where a share is divided (split) into multiple parts.

https://www.investopedia.com/terms/r/reversesplit.asp