Powell Max Stock Down While Small Nasdaq Stock Gets Tested
Powell Max Limited shares dropped Thursday afternoon on Nasdaq. The micro-cap financial communications company is still swinging in a wide band after its reverse split, which was aimed at keeping the stock over an important listing level. Shares traded down 3.3% to $2.05 at 2:45 p.m. in New York, swinging from $1.71 to $2.23 earlier in the session. The company’s market cap stood at roughly $3.5 million, according to ADVFN.