Why Is Jaguar Health (JAGX) Stock Down 40% Today?

Core Viewpoint - Jaguar Health is implementing a one-for-60 reverse stock split to increase its share price and comply with Nasdaq's minimum bid price rule, aiming to attract institutional investors [3]. Group 1: Reverse Stock Split Details - The reverse stock split will consolidate 60 shares of JAGX into one share, with trading on a split-adjusted basis starting Thursday [1]. - Post-split, shares will continue to trade under the JAGX ticker on the Nasdaq Capital Market, with a new CUSIP number of 47010C805 [2]. Group 2: Market Reaction - As of Monday morning, JAGX stock has decreased by 40.3% [4].