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Reverse Split Concerns Loom Over Naked Brand Group

Stock Markets6 minutes ago (Jun 14, 2021 12:30PM ET)

(C) Reuters. Reverse Split Concerns Loom Over Naked Brand Group

Even as Naked Brand Group (NAKD) tries to write its next chapter, traders shouldn’t discount compliance issues.It’s no secret that intimate apparel and swimwear retailer Naked Brand Group (NASDAQ:NAKD) struggled after the onset of the Covid-19 pandemic. As a result, NAKD stock holders faced a challenging year in 2020.

By the time my bullish article about Naked Brand was published on March 19, 2021, the share price was already down to 92 cents. I thought surely, a recovery above the $1 level was imminent.

Boy, was I wrong about that. Apparently, my crystal ball was malfunctioning as NAKD stock continued to drift downwards, making my bull thesis even less credible.

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Reverse Split Concerns Loom Over Naked Brand Group

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