Comment on Why Helios and Matheson Analytics Stock Just Dropped 28%

Why Helios and Matheson Analytics Stock Just Dropped 28%

It's official: After suffering another yet another big drop in share price -- down 28% as of 12:40 p.m. EDT -- shares of Helios and Matheson Analytics (NASDAQ: HMNY) now sell for a lower per-share price than they did last week, before the company effected its 250-for-1 reverse stock split.The MoviePass owner's stock has declined more than 250 times in value (put another way, that's about a 99.6% drop in stock price) in the space of just eight trading days -- which has to be some kind of record.MoviePass investors have seen this share price before.

 

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