Pop Culture Group Shares Scheduled to Reverse Split on Monday, September 14th (NASDAQ:CPOP)

Pop Culture Group Co., Ltd. (NASDAQ:CPOP)’s stock is set to reverse split on the morning of Monday, September 14th. The 1-15 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, September 13th.

Pop Culture Group Trading Down 10.0%

NASDAQ CPOP traded down $0.03 during trading on Thursday, reaching $0.25. 526,070 shares of the company’s stock were exchanged, compared to its average volume of 2,122,046. Pop Culture Group has a fifty-two week low of $0.23 and a fifty-two week high of $26.10. The company’s fifty day simple moving average is $0.43 and its 200-day simple moving average is $2.11.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Pop Culture Group

A hedge fund recently bought a new position in Pop Culture Group stock. Connective Capital Management LLC purchased a new position in shares of Pop Culture Group Co., Ltd. (NASDAQ:CPOP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 365,822 shares of the company’s stock, valued at approximately $325,000. Connective Capital Management LLC owned approximately 9.29% of Pop Culture Group as of its most recent filing with the SEC.

About Pop Culture Group

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.