Why MannKind Corporation Stock Is Sinking Today [The Motley Fool]
MannKind Corporation (MNKD)
Last mannkind corporation earnings: 2/25 08:00 am
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US:NASDAQ Investor Relations:
investors.mannkindcorp.com/press-releases
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Source: The Motley Fool
The biopharma's reverse split isn't a hit with investors. What happened MannKind Corp. (NASDAQ: MNKD) is having yet another bad day today, with its stock falling 19% as of 11:30 a.m. EST on Friday. The stock's double-digit plunge was sparked by a 1-for-5 reverse split that went into effect at 5:01 p.m. EST yesterday. Image source: Getty Images. So what Last September, MannKind received a notice of delisting from the Nasdaq as a result of its share price sinking below the minimum closing bid price of at least $1.00 per share for 30 consecutive business days. With the 180 business day reprieve about to expire and the company failing to boost its share price in the interim, this reverse split was arguably the only viable route for MannKind to pursue in order remain on the Nasdaq. Now what Even after this 1-for-5 reverse split, though, MannKind's stock is still in extremely dangerous territory. With a share price that's hovering around $1.98 at the time of
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News
- MannKind Corporation (NASDAQ:MNKD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- MannKind Co. (NASDAQ: MNKD) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $6.50 price target on the stock.MarketBeat
- Shareholders May Not Be So Generous With MannKind Corporation's (NASDAQ:MNKD) CEO Compensation And Here's Why [Yahoo! Finance]Yahoo! Finance
- MannKind (MNKD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Compared to Estimates, MannKind (MNKD) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
MNKD
Earnings
- 5/8/24 - Beat
MNKD
Sec Filings
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 4/22/24 - Form 3
- MNKD's page on the SEC website