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

Shares of Pop Culture Group Co., Ltd. (NASDAQ:CPOP) are going 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

Shares of NASDAQ CPOP traded down $0.03 during mid-day trading on Thursday, reaching $0.25. The company had a trading volume of 526,070 shares, compared to its average volume of 2,122,046. The company has a 50-day moving average price of $0.43 and a two-hundred day moving average price of $2.11. Pop Culture Group has a 1-year low of $0.23 and a 1-year high of $26.10.

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 note on Thursday, June 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Pop Culture Group currently has an average rating of “Sell”.

Institutional Trading of Pop Culture Group

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