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ETFC - LendingClub: Not All Reverse Splits Are Bad
E*TRADE Financial Corporation
For multiple reasons, reverse splits don't typically work out well for shareholders. The news that LendingClub (LC) is pursuing a 1-for-5 reverse split followed a 10% gain during the trading day. Investors shouldn't necessarily stray away from the fintech on this news due to the perplexing value in the stock.
Image Source: LendingClub website
Reverse Split History
The history of reverse splits is very negative, though actual research reports are very lacking. In general, stocks usually don't trade at such low prices warranting a reverse split without the related company having a problematic