Jaguar Health announces 1-for-60 reverse stock split to meet Nasdaq listing standards amid Q1 losses.

Jaguar Health (NASDAQ:JAGX) shares are falling after the company announced a 1-for-60 reverse stock split to support Nasdaq's listing standards. The reverse stock split aims to boost the price of shares and attract institutional investors. Last week, Jaguar reported worse-than-expected Q1 results with losses of 6 cents per share and quarterly sales below the consensus estimate.