NSPR - InspireMD falls as split adjusted shares begin trading

InspireMD (NSPR) has lost ~20.3% in the pre-market as the company shares begin trading on NYSE American on a split-adjusted basis.Meanwhile, NYSE Arca has reportedly canceled some early morning trades for the stock below $5.88. The exchange identified them as erroneous trades executed between 4:00 a.m. and 4:20 a.m.Previously, InspireMD announced a 1-for-15 reverse split of its common stock, effective April 26, 2021.A few days later, the company investors approved the decision sending its shares sharply higher in the pre-market.Despite a ~43.7% decline in the share price in the year so far, InspireMD remains ~33.0% lower over the past 12-month period.For the first time in 2020, the company in March failed to meet the consensus estimates with its Q4 2020 financials.

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InspireMD falls as split adjusted shares begin trading