Why Is Jin Medical International (ZJYL) Stock Moving Today?

Stock Split and Market Reaction - Jin Medical International (ZJYL) is undergoing a one-for-20 stock split, approved by shareholders last month [1] - The stock initially appeared to drop 95% in pre-market trading due to the split, but the market adjusted to reflect the change [1] - Post-split, ZJYL stock is trading at approximately $13 50 per share, down from its previous closing price of$217 01 [2] - The stock is up 20 7% as of Thursday morning following the split [2] Impact of Stock Split on ZJYL - The stock split increases the total number of shares available on the market without affecting the company's market capitalization [2] - The lower post-split share price of $13 50 could attract new investors by providing a more accessible entry point [2] Additional Stock Market News - The article mentions other stock market news, including updates on CCSC Technology (CCTG) and Hitek Global (HKIT), as well as pre-market stock movers [2]