-=Nabors Industries (NBR) proposes reverse stock split

• Nabors Industries proposes reverse stock split with ratio between 1-for-15 and 1-for-50 common shares; expected to become effective on April 16 (shareholders vote April 13)

Long trade : Aurora Cannabis Inc. (ACB) +30%

• Jan 13: #4, 5, 26; vol. 47.1M
• Note:  Aurora Cannabis Inc. (NYSE: ACB) will be conducting a 1-for-12 reverse stock split on May 11.

• 3 months later 

Blue Apron (APRN) is pursuing plans for a reverse stock split

Meal-kit provider Blue Apron Holdings Inc. (APRN) said Monday it is pursing plans for a reverse stock split. The company's board unanimously approved the move in an April meeting, and recommended for shareholder approval a proposal for a 1-for-5 to 1-for-15 split with the ratio and timing to be determined by the board. The proposal will be voted on at the company's annual shareholder meeting on June 13. The main goal of the split is to increase the price of the company's common stock and to improve liquidity. It will also allow the company regain compliance with NYSE listing rules, which it has breached after falling below $1 for a period of 30 consecutive trading days. The stock closed Friday at 75 cents. It has fallen 73% in the last 12 months, while the S&P 500 (SPX) has gained 5.4%.

=RAD : 1 to 20 reverse stock split

• Reverse stock split on a one to 20 basis. 
• This will take the total amount of outstanding shares of RAD stock down from 1.08 billion to 54 million. 
• The change goes into effect on April 22, 2019.