Summary
• Elong Power Holding Limited’s stock fell 8.6% in after-hours trading to $0.1305 following a close at $0.1427.
• The company announced a 16-for-1 reverse stock split during a special shareholder meeting set for November 24, 2025.
• Elong Power has experienced a 58.4% quarterly decline and an 88% drop over the past six months, with increased trading volume recently noted.
Elong Power Holding Limited (NASDAQ: ELPW) experienced a decline of 8.6% in after-hours trading, dropping to a current price of $0.1305 after closing at $0.1427. The stock’s movement occurred amid a broader context of routine trading, without a fresh catalyst directly influencing today’s price action.
Reverse Stock Split Announced
In a recent announcement, Elong Power revealed that it is set to conduct a reverse stock split of its ordinary shares at a ratio of 16-for-1. This decision was confirmed at a special shareholder meeting held on November 24, 2025, as outlined in their latest press release. The split is likely aimed at increasing the company’s share price and improving its market standing.
Market Performance Overview
Looking into the stock’s performance, Elong Power has faced significant downward momentum, with a quarterly decline of 58.4% and a staggering 88% drop over the past six months. The 52-week range for the stock shows a high of nearly -98.3% off its peak, while the stock is currently displaying an RSI of 29.69, indicating it may be oversold.
Trading volume for the session clocked in at 2.83 million shares, significantly above the average 10-day volume of about 515,266 shares but below the three-month average of approximately 2.9 million shares. This increased volume hints at heightened trading interest possibly related to the stock split news.
Summary of Market Data
The after-hours decline of Elong Power underscores the turbulent landscape within which the company is operating. While the recent reverse stock split announcement may be a strategic move to stabilize share prices, the immediate market reaction has not aligned positively with that goal. Traders will be keenly observing how momentum shifts as the company prepares for the upcoming changes in its stock structure.
With no fresh catalyst in play, the move reflects routine market activity as participants evaluate short-term positioning.