Why HOOKIPA Pharma (HOOK) Stock Is Volatile Today

HOOKIPA Pharma Inc (NASDAQ:HOOK) shares are trading lower by 10.9% to $0.50 during Monday’s session after the company announced a 1-for-10 reverse stock split, effective at 5:00 p.m. ET on July 9. The stock will start trading on a split-adjusted basis on July 10.

This move aims to meet Nasdaq’s minimum bid price requirement for continued listing. Post-split, every 10 shares will be consolidated into one share, maintaining the same par value per share. Fractional shares will not be issued; instead, stockholders will receive a cash payment for any fractional shares.

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How To Buy HOOK Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in HOOKIPA Pharma’s case, it is in the Health Care sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, HOOK has a 52-week high of $1.13 and a 52-week low of $0.41.