Why NuCana (NCNA) Shares Are Trading Lower

NuCana plc +1.54%

NuCana plc




NuCana plc (NASDAQ:NCNA) shares are trading lower by 15.2% to $0.26 during Thursday’s session after the company late Wednesday said it intends to adjust the ratio of its American Depository Shares (ADSs) to its ordinary shares from 1:1 to 1:25, effective around April 16

This change is akin to a one-for-twenty-five reverse ADS split and aims to enhance liquidity in the company’s ADSs and meet Nasdaq’s minimum bid price requirement. Holders of certificated ADSs must surrender their shares for exchange, while those with uncertificated ADSs need not take action. 

Fractional entitlements will be sold, and proceeds distributed to applicable ADS holders. 

The adjustment is anticipated to result in a proportional increase in ADS trading price, though this outcome cannot be guaranteed.

See Also: Elevance, CVS Health Are First Medicare Insurers To Cover Novo Nordisk’s Weight Loss Sensation Wegovy

How To Buy NCNA Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in NuCana’s case, it is in the Health Care sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, NCNA has a 52-week high of $1.00 and a 52-week low of $0.23.

Every question you ask will be answered
Scan the QR code to contact us
Also you can contact us via