MSP Recovery Inc (LIFW)

Shares of MSP Recovery (LIFW) dropped by 12.90% from $2.17 to $1.89 in the trading on Monday, October 16, 2023. The reason why LIFW stock down is due to a stock split adjustment. MSP Recovery, Inc., also known as LifeWallet, executed a 1-for-25 reverse stock split on October 12, 2023, to meet Nasdaq's minimum $1.00 bid price requirement. The stock, trading under "LIFW," began trading on a split-adjusted basis from October 13, 2023, resulting in approximately 13.3 million shares of Class A common stock issued and outstanding.