Velo3D Inc ( VLD ) shares are trading lower by 10.7% to $0.13 during Tuesday’s session after the company announced a 1-for-35 reverse stock split of its common stock.

The stock will trade on the NYSE on a split-adjusted basis starting June 13, under the symbol “VLD”. This reverse stock split aims to help Velo3D ( VLD ) meet the NYSE’s minimum share price requirements.

The reverse split was approved by shareholders and finalized by the board on June 10.

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Should I Sell My VLD Stock?

Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.

Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.

Shares of Velo3D ( VLD ) have lost 94.3% year to date. This compares to the average annual return of -75.78%, meaning the stock has underperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity.

Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Velo3D ( VLD ) stock currently has an RSI of 30.64, indicating neutral conditions.

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VLD has a 52-week high of $2.50 and a 52-week low of $0.11.