Please note that ALPHABET INC-CL C (GOOG) is going to be split in a 20 for 1 offering on Monday, July 18th 2022. Common shares will trade at the new split-adjusted price.
What will this split mean to investors?
Each share of ALPHABET INC-CL C stock that an investor owns before July 18th 2022 will be eligible for stock split. Investors will receive nineteen additional shares for each share, and the share price will be divided by 20.
Here is an example:
|Pre-Split||Post-Split||As of July 18th, 2022|
|Shares held||100 shares||2000 shares||Shares are multiplied by 20|
|Share Price||$2000 per share||$100 per share||Share price is divided by 20|
|Value||$200,000||$200,000||Total value remains equal|
All pending orders will be deleted, including Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit, Sell Stop Limit.
How do stock split affect short sellers?
Stock split does not affect short sellers in a material way. There are some changes that occur as a result of a split that affects the short position, but they don’t affect the value of the short position(s).
The time and date mentioned in the notification are based on the platform time (GMT+3) and may be subject to change.