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

Pop Culture Group Co., Ltd. (NASDAQ:CPOP)’s stock is going to reverse split before the market opens on Monday, July 13th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, July 12th.

Pop Culture Group Stock Down 12.4%

CPOP traded down $0.01 during trading on Thursday, hitting $0.06. The company’s stock had a trading volume of 28,582,039 shares, compared to its average volume of 11,193,894. Pop Culture Group has a twelve month low of $0.06 and a twelve month high of $2.61. The business’s fifty day simple moving average is $0.26 and its 200 day simple moving average is $0.33.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Pop Culture Group

An institutional investor recently bought a new stake in Pop Culture Group stock. Connective Capital Management LLC purchased a new position in Pop Culture Group Co., Ltd. (NASDAQ:CPOP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 365,822 shares of the company’s stock, valued at approximately $325,000. Connective Capital Management LLC owned about 9.29% of Pop Culture Group at the end of the most recent reporting period.

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.