AIG reverse stock split 20 for 1

alanj answered 5 months ago …

Yes. The total value of your current 1000 shares will be the same as the total value of the new 50 shares you will receive at the time of the reverse split. There is no real advantage for a reverse split, other than it creates an illusion that the company shares have increase in value. I suppose they have since they are less shares. Although, some brokerage firms charge an additional fee for stock trades with stocks under a certain amount, set by the brokerage firm. And a higher stock price would eliminate this fee. AIG closed today at $1.42. After the reverse split that would be a closing of $28.40.