Pop Culture Group Shares Scheduled to Reverse Split on Monday, July 13th (NASDAQ:CPOP)

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) shares are going to reverse split on the morning of Monday, July 13th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, July 12th.

Pop Culture Group Stock Performance

Shares of NASDAQ:CPOP traded down $0.01 on Thursday, hitting $0.06. The company’s stock had a trading volume of 28,582,039 shares, compared to its average volume of 49,622,408. The company has a 50-day simple moving average of $0.26 and a 200 day simple moving average of $0.33. Pop Culture Group has a 1 year low of $0.06 and a 1 year high of $2.61.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Pop Culture Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Pop Culture Group currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Pop Culture Group

A hedge fund recently bought a new stake in Pop Culture Group stock. Connective Capital Management LLC acquired a new stake in shares of Pop Culture Group Co., Ltd. (NASDAQ:CPOP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 365,822 shares of the company’s stock, valued at approximately $325,000. Connective Capital Management LLC owned about 9.29% of Pop Culture Group at the end of the most recent quarter.

Pop Culture Group Company Profile

Pop Culture Group (NASDAQ:CPOP) is a U.S.-based entertainment company specializing in the creation, production and operation of pop culture–themed live experiences, theatrical productions and branded events across North America.

The company collaborates with intellectual property owners in publishing, film, television and gaming to secure licensing rights for iconic franchises, which it then adapts into immersive live shows, touring family musicals and interactive exhibitions. Its portfolio encompasses stage adaptations of classic children’s literature, contemporary media franchises and original pop culture properties, delivered via regional tours, on-site activations and virtual extensions.

Beyond live entertainment, Pop Culture Group develops and retails consumer products and merchandise tied to its shows, providing design, marketing and distribution services that leverage its licensing relationships.