RE:SHOP Stock splitsatchmo6 wrote: these things always confuse me----------------------10 for 1 ????? does that mean WE get 10 shares more for everyone we have >??? or in reality---since the price is down---- they take 10 and give us 1.........But the price is higher---- not likely 10x
In the old days "stock splits" where they give you more shares than you currently have was very common hence the term "split". Everybody got excited about a split happening.
Over the past 5 years (maybe a little longer) the predominant move was to "consolidate" or "reverse split" the shares. That meant they took most of your shares away from you. Consolidation has been a disaster for the ordinary small time shareholder.
From past knowledge (not past experience) the stock split "should be" a positive move for SHOP and you will have more shares. No guarantees.