July 1, 2009
The Heck’s a Reverse Stock Split?
by Mike Krumboltz
One-time insurance giant AIG has announced a 1-for-20 "reverse stock split." Folks have raced to the Search box to figure out what exactly that means. Short answer: If you had 100 shares valued at $1.00 each, you now have 5 shares valued at $20.00 each. Yay? For more on the move and why companies do it, check out this article from Investopedia.
Filed under Buzz by on Jul 1st, 2009. 
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