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Benzinga
Benzinga
Business
Henry Khederian

Why Bitcoin- And Ethereum-Related Stock SOS Limited Is Getting Hammered Today

SOS SOS Limited Bitcoin Ethereum NYSE Sos Ltd

Sos Ltd - ADR (NYSE:SOS) shares are trading lower by 13.68% to $7.29 Wednesday morning. Today, the company's ADS ratio changed from 1 ADS representing 10 ordinary shares to 1 ADS representing 500 ordinary shares.

SOS Limited on June 22 alerted traders and investors that the effect of the ratio change on the ADS trading price on the NYSE is expected to take place at the opening of trading on July 6.

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