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

Pop Culture Group Co., Ltd. (NASDAQ:CPOPFree Report)’s stock is scheduled to reverse split on Monday, July 13th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, July 12th.

Pop Culture Group Stock Performance

Shares of CPOP traded down $0.01 during trading hours on Thursday, hitting $0.06. 28,582,039 shares of the company were exchanged, compared to its average volume of 49,622,408. The firm has a fifty day simple moving average of $0.26 and a 200-day simple moving average of $0.33. Pop Culture Group has a one year low of $0.06 and a one year high of $2.61.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on CPOP

Hedge Funds Weigh In On Pop Culture Group

A hedge fund recently bought a new stake in Pop Culture Group stock. Connective Capital Management LLC bought a new stake in shares of Pop Culture Group Co., Ltd. (NASDAQ:CPOPFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund 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

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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.

Further Reading

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