🟢 New Fortress Energy is trading 5.39% up today after announcing a 1-for-50 reverse stock split

New Fortress Energy is trading at $0.29, +5.39%, after announcing a 1-for-50 reverse stock split.

• The split is intended to help restore Nasdaq minimum-bid compliance and is expected to take effect September 11, 2026, subject to completion of the company’s restructuring transaction.
• Trading is also occurring ahead of a planned halt before 8:00 p.m. Eastern on September 10.
• Split-adjusted trading is expected September 14, increasing near-term volatility.