HUBC Stock Declines 35% After A Whopping Two-Day Rally – What’s Driving The Change In Momentum?

• HUBC shares fell below $1 on March 9, 2026, and have remained below that level since then.
• The reverse split will reduce the total outstanding shares from about 64.1 million to roughly 1.28 million.
• Earlier this week, Hub Cyber Security said that holders of about $2.68 million in convertible notes chose to convert debt into equity.

Shares of Hub Cyber Security (HUBC) declined 35% on Thursday after the company announced a 1-for-50 reverse stock split of its ordinary shares, a move expected to help maintain compliance with Nasdaq’s minimum bid price requirement of $1.

HUBC shares fell below $1 on March 9, 2026, and have remained below that level since. The reverse stock split, which will take effect on April 20, 2026, will reduce the total outstanding shares from about 64.1 million to roughly 1.28 million. However, existing warrants will remain unchanged.

This was Hub Cyber Security’s second reverse share split in just over a year. The company had implemented a 1-for-10 reverse stock split on Mar. 31, 2025.

Pullback After 188% Rally

The pullback follows a sharp 188% rally over the past two sessions, driven by its debt conversion activity. Earlier this week, Hub Cyber Security disclosed in an SEC filing that holders of about $2.68 million in convertible notes chose to convert their debt into equity.

This led to the issuance of more than 41.45 million new shares, pushing total shares outstanding to over 60.16 million as of April 13. The update comes shortly after the company announced the departure of CEO Noah Hershcoviz on March 31.

How Did Retail Traders React?

Despite the intraday slump, retail sentiment on Stocktwits remained in the ‘extremely bullish’ territory over the past 24 hours, accompanied by ‘extremely high’ message volumes.

One bullish user highlighted Nukkleus’ turnaround, suggesting a potential similar scenario for Hub Cyber.

Another user said the real rally is yet to take place.

HUBC stock has declined by over 97% year-to-date.

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