Zapp Electric Vehicles Group (NASDAQ:ZAPP) Shares to Reverse Split on Tuesday, April 23rd

Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) shares are set to reverse split on the morning of Tuesday, April 23rd. The 1-20 reverse split was announced on Tuesday, April 23rd. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, April 23rd.

Zapp Electric Vehicles Group Trading Down 7.1 %

ZAPP opened at $0.15 on Friday. The stock has a 50-day moving average of $0.25 and a 200 day moving average of $0.29. Zapp Electric Vehicles Group has a 12 month low of $0.13 and a 12 month high of $10.00.

Institutional Trading of Zapp Electric Vehicles Group

An institutional investor recently bought a new position in Zapp Electric Vehicles Group stock. Geode Capital Management LLC purchased a new position in shares of Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 22,298 shares of the company’s stock, valued at approximately $52,000. Geode Capital Management LLC owned 0.06% of Zapp Electric Vehicles Group as of its most recent filing with the Securities and Exchange Commission.

About Zapp Electric Vehicles Group

Zapp Electric Vehicles Limited operates an electric motorcycle company. Its i300 is the first in a suite of electric two-wheelers that the company plans to bring to market. It offers a direct-to-customer experience known as DSDTC (drop-ship-direct-to-customer). The company sells its product the i300, to customers online and delivered to the home, as well as provides at-home inspection, service, and support throughout the vehicle ownership lifecycle.