🔴 Microvision is trading 5.4% down today following a 1-for-15 reverse stock split announcement and a broader tech selloff

Microvision is trading at $0.28 (5.4% down) today after announcing a 1-for-15 reverse stock split amid a broader technology sector selloff.

• The reverse split is scheduled to take effect on August 1, following a significant 11.82% decline in share price on July 22.
• Broader market pressure is weighing on the stock as the Nasdaq faces a sharp decline driven by investor concerns over AI-related spending.
• Shares remain highly volatile and are currently trading near the low end of their recent range.