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Thursday, February 09, 2017 10:54:20 AM
If it is a forward split they don't always have to change the symbol.
Here's a link for you and I copied the section below that pertains.
https://www.capitaloneinvesting.com/main/help/topic.aspx?CategoryCode=CHELP011
What happens to my shares with a Forward Stock Split?
A stock split changes the number of shares and the price per share, but does not change your position’s total value. With a forward split, the number of shares is increased while the price per share is decreased.
Example: XYZ initiates a 2-for-1 stock split (sometimes written as 2:1). You have 50 shares of XYZ valued at $4 per share prior to the stock split totaling $200 in value. After the forward stock split, you own 100 shares of XYZ valued at $2 per share. Your total position is still worth $200.
Tip: Sometimes when a stock splits, it changes its symbol or CUSIP ID. This means the old symbol is no longer traded and your shares will be replaced with new shares as soon as we receive them from the Transfer Agent. You don’t have to do anything except wait for us to update your shares.
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What happens to my shares with a Reverse Stock Split?
A stock split changes the number of shares and the price per share, but does not change your position’s total value. With a reverse split, the number of shares is decreased while the price per share is increased.
Example: XYZ initiates a 1-for-5 stock split (sometimes written as 1:5). You have 100 shares of XYZ valued at $2 per share prior to the stock split totaling $200 in value. After the reverse stock split, you own 20 shares of XYZ valued at $10 per share. Your total position is still worth $200.
Tip: When a stock has a reverse split, it always changes its CUSIP ID and may change its symbol too. This means the stock with the old CUSIP and symbol is no longer traded and your shares will be replaced with the new shares as soon as we receive them from the Transfer Agent. You don’t have to do anything except wait for us to update your shares.
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