Why Is Nauticus Robotics (KITT) Stock Down 19% Today?

Nauticus Robotics will enact a one-for-36 reverse stock split for KITT shares after markets close on Monday. That will see it consolidate 36 shares of its common stock into a single share. Nauticus Robotics is enacting this reverse stock split to increase the price of its shares. This is due to its low trading price with KITT closing out Thursday at just 12 cents per share. Investors will want to stick around for more of the most recent stock market stories today! On Penny Stocks and Low-Volume Stocks:With ...