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home / articles / CYTO - Why Altamira Therapeutics (CYTO) Stock Is Down 50% Today | Benzinga


CYTO - Why Altamira Therapeutics (CYTO) Stock Is Down 50% Today | Benzinga

Altamira Therapeutics Ltd (NASDAQ: CYTO) shares are trading lower by 50% to $0.20 Monday morning after the company recently made strategic moves by partially spinning off its Bentrio business to focus on RNA delivery

The company also said a 20-for-1 reverse stock split is set for December 13. This move aims to attract institutional investors and meet Nasdaq's standards before 2023 ends.

What Happened?

This transition involved selling a 51% ...

CYTO) Stock Is Down 50% Today>Full story available on Benzinga.com

Stock Information

Company Name: Altamira Therapeutics Ltd.
Stock Symbol: CYTO
Market: NASDAQ
Website: aurismedical.com

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