04:11 PM EST, 01/17/2025 (MT Newswires) -- Scorpius Holdings ( SCPX ) stock closed Friday trading session nearly 5% lower, after jumping as much as 40% shortly after saying it was scrapping plans for a 20-for-1 reverse stock split.

Trading volume during the regular session was nearly 6 million shares, against a daily average of almost 2 million.

The decision to cancel the stock split came less than a day after the the contract development and manufacturing organization announced the proposal as part of efforts to lift its share price above the $1 minimum needed to keep trading on the NYSE American.

The stock continued sliding nearly 2% in the extended session.