the buzz log
The Heck's a Reverse Stock Split?
By Mike Krumboltz
Wed, July 01, 2009, 12:54 pm PDT
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.
the buzz log
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