KALA Bio Shares Stir on Reverse Split Watch
KALA Bio shares moved higher Wednesday, stretching a volatile streak for the small biotech. The company finished a big reverse stock split and told investors it's leaning harder into an artificial intelligence platform aimed at life-science companies. The stock traded at $2.65, up 9 cents, after moving in a range from $2.53 to $2.85. Volume was 88,886 shares. The thin trading can make moves bigger in small caps.