🔴 Smith Micro Software (SMSI) down 6.4% as shares adjust following 1-for-5 reverse stock split

Smith Micro Software Inc. is trading 6.4% down at $3.36 today as the stock continues to adjust following a recent reverse stock split.

• The company executed a 1-for-5 reverse stock split that became effective for trading on June 5, 2026, which caused a massive surge in the share price on that day.
• Today's decline is a pullback and price discovery continues after the split-adjusted rally.
• The stock's move is a direct reaction to this fundamental corporate action, not a technically-driven event without news.