Replies to post #56117 on Plug Power Inc (PLUG)

[Jack_Bolander]

Steve - A Reverse Split .... So Soon ?

Lipstick on a PIG. Mostly optics.

A 5/1 split wouldn't move the needle, 10/1 demonstrates just how Pathetic PLUG has become.

It does remove the "Penny Stock" label , and signals that there is still room to the downside.

[B_B!]

I don’t think Andy needs to do a reverse split. If he can get the share price above $5, it will continue to rise.
The put-call ratio is falling, this is bullish and it will give some support.
The volume is decreasing while the short interest is increasing, ideal for a short squeeze.

It's actually not all Andy’s fault, Plug has been under attack.

[B_B!]

Shares in hydrogen truck maker Nikola slump by 25% after chairman recommends reverse stock split
Move to reduce the number of shares is needed to avoid delisting from Nasdaq exchange, the US company admits
12 April 2024 By Leigh Collins
https://www.hydrogeninsight.com/transport/shares-in-hydrogen-truck-maker-nikola-slump-by-25-after-chairman-recommends-reverse-stock-split/2-1-1626367