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

Pop Culture Group Co., Ltd. (NASDAQ:CPOP)’s stock is scheduled 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 during trading on Thursday, reaching $0.06. 28,582,039 shares of the company traded hands, compared to its average volume of 11,193,894. The firm’s fifty day simple moving average is $0.26 and its 200 day simple moving average is $0.33. Pop Culture Group has a 12-month low of $0.06 and a 12-month high of $2.61.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Pop Culture Group stock. Sabby Management LLC bought a new position in shares of Pop Culture Group Co., Ltd. (NASDAQ:CPOP) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,227,666 shares of the company’s stock, valued at approximately $1,092,000. Pop Culture Group makes up approximately 1.3% of Sabby Management LLC’s portfolio, making the stock its 4th biggest position. Sabby Management LLC owned 31.17% of Pop Culture Group as of its most recent SEC filing.

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.