---
title: "Cheer Holding (CHR) Stock Jumps Over 9% After Hours: Here's Why"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281617071.md"
description: "Cheer Holding, Inc. (CHR) shares rose 9.42% after hours to $0.87 following a 1-for-3 reverse stock split effective April 6, aimed at maintaining its Nasdaq listing. The consolidation reduces outstanding Class A shares from 4.69 million to 1.56 million, with trading under the unchanged ticker \"CHR\" starting April 7. Despite the after-hours surge, reverse splits often indicate underlying share price weakness, and CHR has dropped 98.82% over the past year. The stock closed at $0.80, down 7.56%, and is near its annual low."
datetime: "2026-04-03T07:42:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281617071.md)
  - [en](https://longbridge.com/en/news/281617071.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281617071.md)
---

# Cheer Holding (CHR) Stock Jumps Over 9% After Hours: Here's Why

**Cheer Holding, Inc. ( CHR )** shares surged 9.42% after hours to $0.87 on Thursday after announcing a 1-for-3 reverse stock split, effective Apr. 6, to maintain its Nasdaq listing.

## Consolidation Details Investors Should Watch

The Beijing-based mobile internet infrastructure provider said the consolidation reduces outstanding Class A shares from approximately 4.69 million to 1.56 million.

Post-consolidation shares begin trading under the unchanged ticker “CHR” on Apr. 7, with par value adjusting from $0.05 to $0.15 per Class A ordinary share, reflecting the 1-for-3 consolidation ratio.

According to the company, outstanding warrants and other equity rights will be proportionately adjusted, with fractional shares rounded up to the next whole number.

Cheer Holding ( CHR ) stated that shareholders holding shares in street name through brokers, banks, or other holders of record will have their shares automatically adjusted.

## Trading Metrics, Technical Analysis

With a market capitalization of $3.73 million, Cheer Holding ( CHR ) has a 52-week high of $104.50 and a 52-week low of $0.73.

The Relative Strength Index (RSI) of CHR stands at 28.72.

While the after-hours surge reflects short-term relief over Nasdaq compliance, investors should note that reverse splits historically signal underlying share price weakness. Stocks executing such consolidations have often trended lower post-effective date.

Over the past 12 months, the small-cap company has dropped 98.82%.

**Price Action:** According to Benzinga Pro data, CHR closed the regular session at $0.80, down 7.56%.

Currently the stock is positioned near its annual low.

**Benzinga’s Edge Stock Rankings** show that CHR is exhibiting a negative price trend across all time frames.

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_Photo Courtesy: Arsenii Palivoda on Shutterstock.com_

**Disclaimer:** This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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