jimmy1
2 Answers
Chiangmai
Reverse stock split occurs when the stock price of a company has fallen so much that institutions typically avoid owning them. For example Citigroup stock fell from $60 to around $1 and rebounded to $4. Many institutions shun buying these stocks. To combat this, Citigroup or C did a 1 for 10 reverse stock split, meaning for every 10 shares of C, you now own 1 share. So, owning 10 shares at $4 is the same as owning 1 @ $40.
| 14 years ago. Rating: 2 | |
daren1
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