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Stock Alert: Sequential Brands Jumps 55%

(RTTNews) - Shares of Sequential Brands Group, Inc. (SQBG) are currently up nearly 55% on Tuesday morning.

On July 15, Sequential Brands Group had approved implementation of a 1 share-for-40 shares reverse stock split of its common shares. The reverse stock split became effective on July 27. The stock started trading on the Nasdaq Capital Market on a split-adjusted basis on July 27.

SQBG is currently trading at $7.96, up $2.80 or 54.26%, on the Nasdaq.

Sequential Brands owns, promotes, markets, and licenses a portfolio of consumer brands in the active and lifestyle categories.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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