| I have 500 Sirus/Xm shares and I was reading that they wanted to reverse/split the stock! |
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Pulse
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How will that affect me and what way exactly?Also is it a good thing to keep it sell it?
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Cool
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After the reverse split, you will own fewer shares valued at a higher price per share.
It would be best to sell it. Any stock having a reverse split is one that is on the way down and frequently they go broke.
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electrode
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you'd have less shares, but each would be worth more.
overall, it would not make a difference - they just do not like having a penny stock.
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