WORK Medical Technology Group is trading 17% up at $2.36 in after-hours trading, following a regular-session close of $2.02, as the stock continues to experience extreme volatility following its recent 1-for-100 reverse stock split.
- The stock has seen outsized swings without any new company-specific news, suggesting that speculative trading and post-split repositioning are the primary drivers of the move.
- The recent 1-for-100 reverse stock split has significantly reduced the share count, which often leads to increased price sensitivity and volatility in low-float environments.