RE:Reverse Split Experience@ geoinvested - The price direction taken by a stock that consolidates depends on its own circumstances. I agree that many stocks consolidate and then decline after the consolidation but the reason for the decline is due to some factors besides the consolidation. A consolidation is the end result of a price decline from the stock's circumstances - and not the other way around. In other words, the price didn't go down because of the consolidation.
Moreover, some stocks that consolidate don't have a choice. They have to consolidate to maintain their minumum listing price threshold price to avoid being delisted and being relegated to the pink sheets.
FCU's circumstances are different than that. FCU is voluntarily consolidating to access a larger audience. It's a big difference imho.