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Economy

Tomconroy

(7,611 posts)

3. No. The value of the shares will go up in proportion to

Reply to Crazyleftie (Reply #2)

Mon Aug 2, 2021, 09:49 AM

Aug 2021

The reverse split. Same money, just fewer shares. You used to own 800 shares, now you only own 100. Fewer bragging rights, but the same money. If the shares were worth $10 a piece, they will now be worth .$80 a piece.
Not sure why companies do it. I guess the CEO likes the sound of a higher stock price.

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General Electric Stock Gains Ahead of 1-for-8 Reverse Split Debut [View all] mahatmakanejeeves Aug 2021 OP

I own a little. Not the best investment I ever made. Tomconroy Aug 2021 #1

I am confused Crazyleftie Aug 2021 #2

No. The value of the shares will go up in proportion to Tomconroy Aug 2021 #3

Usually a company does this only if it has to. If the stock price gets too low, the shares are in mahatmakanejeeves Aug 2021 #4