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Why Castor Maritime Stock Got Torpedoed for a 39% Loss in May

·2 min read
Why Castor Maritime Stock Got Torpedoed for a 39% Loss in May
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Castor Maritime (NASDAQ: CTRM) stock began May costing just under $0.50 per share. Fact is, Castor Maritime lost 38.6% of its value in May -- and the following chart proves it. As the name may suggest, a reverse split is the opposite of a stock split.