Pop Culture Group (NASDAQ:CPOP) Shares Scheduled to Reverse Split on Monday, September 14th

Shares of Pop Culture Group Co., Ltd. (NASDAQ:CPOP) are set to reverse split on Monday, September 14th. The 1-15 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, September 13th.

Pop Culture Group Stock Performance

NASDAQ:CPOP traded down $0.03 during trading hours on Thursday, reaching $0.25. The stock had a trading volume of 526,070 shares, compared to its average volume of 839,089. The stock has a 50 day simple moving average of $0.41 and a 200 day simple moving average of $2.09. Pop Culture Group has a 12-month low of $0.23 and a 12-month high of $26.10.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Pop Culture Group

A hedge fund recently bought a new position in Pop Culture Group stock. Connective Capital Management LLC purchased a new position in Pop Culture Group Co., Ltd. (NASDAQ:CPOP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 reporting period.

About Pop Culture Group

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.