UBXG Drops After 1-for-25 Split as Nasdaq Traders Watch the Stock
U-BX Technology Ltd. shares closed down Friday. The Beijing insurance-tech firm started trading on Nasdaq after a 1-for-25 reverse stock split adjusted its share count. UBXG’s quote jumped above $3 after its reverse split, up from under $1 before. That shift changes how the stock looks to brokers and retail traders. A reverse split boosts the per-share price by combining shares. It doesn’t add money to UBXG or affect how much of the company an investor owns.