Did I get f'd over by this stock split?

Question

Hey guys- so I&#x27;m doing this school investing project.  Last week, we bought 150 shares of Coors (TAP) at about $100/share.  Earlier today they did a stock split and the shares went down to about $50 each.  I expected that our shares would have doubled, but they did not.  I looked at some articles, and the stock split was only good for September 19th.  Seeming we bought the stock a week after, I guess that we are too late for the split.  Isn&#x27;t Coors basically stealing from investors who invest in the stock between September 19th and today??  I was top 5 in the class before this, but now I might drop down to the bottom 5 in the rankings....fuck.

ereiz03 · Answer

Hey guys- so I&#x27;m doing this school investing project.  Last week, we bought 150 shares of Coors (TAP) at about $100/share.  Earlier today they did a stock split and the shares went down to about $50 each.  I expected that our shares would have doubled, but they did not.  I looked at some articles, and the stock split was only good for September 19th.  Seeming we bought the stock a week after, I guess that we are too late for the split.  Isn&#x27;t Coors basically stealing from investors who invest in the stock between September 19th and today??  I was top 5 in the class before this, but now I might drop down to the bottom 5 in the rankings....fuck.

wallstreetcappers · Answer

You didnt get screwed.The program which you use hasnt updated.Here is how it works-100 shares of TAP at 1002 for 1 stock split=200 shares of TAP at 50Hope that helps..the numbers arent accurate, I dont know the split ratio or the current price, but that is how it works.

ereiz03 · Answer

Yeah, I know what a stock split is.  I just didn&#x27;t know what happened if we bought in after the supposed "issue" date of September 19th.  Maybe the program (Stocktrak) hasn&#x27;t updated yet.

wallstreetcappers · Answer

right..Its the software..You didnt get screwed over, most definately not.

Gridophiles · Answer

That&#x27;s my guess.  The share quantity should update sometime tonight.  &#xD;&#xA; &#xD;&#xA;Usually stock splits in an up market are good for the share price.  I&#x27;ll even help you out and pick-up a case of Molson on my way home from work tonight.

depeche2 · Answer

If you bought at the pre-split price, then you need to be credited with the extra shares after the split.  If the program doesn&#x27;t account correctly, then bring it to someone&#x27;s attention.

Did I get f'd over by this stock split?

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