Banzai International, Inc. (BNZI) shares are experiencing a significant surge on Friday, following the company’s successful execution of a reverse stock split on Thursday. The move was strategically implemented to regain compliance with the Nasdaq minimum average closing price requirement.
The reverse stock split, conducted on a 1-for-50 basis, has resulted in a considerable reduction in the number of outstanding shares. Banzai now has only 916,558 shares of common stock issued and outstanding. This reduction has triggered a rally in the stock price, attracting significant trading activity.
Trading volume for BNZI has been exceptionally heavy on Friday, with over 27 million shares changing hands already. This intense interest from investors reflects the potential upside they see in the company following the reverse split.
Banzai International specializes in marketing technology, providing solutions for companies like Square, Hewlett Packard Enterprise, and Thermo Fisher Scientific. The company’s focus on marketing and sales solutions positions it well in the evolving digital landscape.
For those interested in participating in the market for Banzai International, buying shares is generally done through a brokerage account. Several platforms offer the opportunity to purchase fractional shares, allowing investors to acquire portions of a stock without buying a full share. This is particularly useful for expensive stocks like Berkshire Hathaway or Amazon.com.
If you’re looking to bet against the company, the process involves accessing an options trading platform or a broker who allows short selling. Short selling entails borrowing shares to sell and then buying them back later, hoping for a decline in price. Alternatively, buying put options or selling call options at a strike price above the current share price can also be used to profit from a decline in the share price.
As of Friday’s trading session, Banzai shares have witnessed a remarkable 120% increase, reaching $6.36. This surge reflects the market’s positive response to the reverse stock split and the company’s potential for future growth.
