AIG Reverse Split 1 to 20
So I've attempt to sell my AIG after the split (Don't want to loose more) but it doesn't look like I own any shares anymore as the account is telling me I'm attempting to sell more than what's available on the account.
Do I not own AIG Anymore after the split? I had about 1000 shares.
Answers
731 points
thinker70 answered 5 months ago …
With a 1-20 split you should still have 59 shares if you had 1000 previously! This does NOT change the total value of your investment, you might consider putting in a sell order at a price slightly above its current market quote in the hope that a :bounce" will get you out at a slightly better price. Since the market fluctuates from day to day you do not need to accept th price on a down day unless you are desperate.
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2082 points
alanj answered 5 months ago …
You would now have 50 shares if you had 1000. Take what you had and divide by 20 and that is what you have now. However, the value of each share increased by a factor of 20 . So, your total value of your previous shares will be the same after the reverse split. You do not loose or gain anything after a split or reverse split.
If you had a standing stop or stop-limit sell order in place and you try to sell the shares without removing the previous standing order you will also get the same message.
426 points
MONEYTREE answered 5 months ago …
You should have 50 shares of AIG, Yes you still own them, for every 20 shares you previously owned you now own just 1, thats a 20 to 1 split
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