Pop Culture Group Shares to Reverse Split on Monday, September 14th (NASDAQ:CPOP)

Shares of Pop Culture Group Co., Ltd. (NASDAQ:CPOP) are going to reverse split before the market opens on Monday, September 14th. The 1-15 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, September 13th.

Pop Culture Group Trading Down 10.0%

CPOP stock traded down $0.03 on Thursday, hitting $0.25. The company had a trading volume of 526,070 shares, compared to its average volume of 839,089. Pop Culture Group has a 12-month low of $0.23 and a 12-month high of $26.10. The stock’s 50-day simple moving average is $0.43 and its 200 day simple moving average is $2.11.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Pop Culture Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Pop Culture Group currently has an average rating of “Sell”.

Hedge Funds Weigh In On Pop Culture Group

An institutional investor recently bought a new position in Pop Culture Group stock. Connective Capital Management LLC acquired a new position in Pop Culture Group Co., Ltd. (NASDAQ:CPOP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 365,822 shares of the company’s stock, valued at approximately $325,000. Connective Capital Management LLC owned about 9.29% of Pop Culture Group at the end of the most recent quarter.

About Pop Culture Group

Pop Culture Group (NASDAQ:CPOP) is a U.S.-based entertainment company specializing in the creation, production and operation of pop culture–themed live experiences, theatrical productions and branded events across North America.

The company collaborates with intellectual property owners in publishing, film, television and gaming to secure licensing rights for iconic franchises, which it then adapts into immersive live shows, touring family musicals and interactive exhibitions. Its portfolio encompasses stage adaptations of classic children’s literature, contemporary media franchises and original pop culture properties, delivered via regional tours, on-site activations and virtual extensions.

Beyond live entertainment, Pop Culture Group develops and retails consumer products and merchandise tied to its shows, providing design, marketing and distribution services that leverage its licensing relationships.