10 Micro-, Small-Cap Firms Dominate Thursday’s Gains

8. Outset Medical Inc. (NASDAQ:OM)

Outset Medical rallied by 36.28 percent on Thursday to finish at $11.28 each following the announcement of a reverse stock split initiative.

On Thursday, OM implemented a one-for-fifteen-shares reverse stock split of its common shares after securing the approval of its stockholders on March 5, 2025.

Companies usually conduct a reverse stock split activity to reduce the number of outstanding shares available on the market, and ultimately, to boost its share value and make the firm more attractive to investors.

Ownership of existing investors, however, will remain the same.

Meanwhile, OM shareholders with a fractional share will expect to receive a cash compensation equivalent to the price on the last trading day before the initiative came into effect.

OM is a medical technology company that engages in the development of a hemodialysis system for hemodialysis in the United States.