Lucid Group Inc (LCID)

[TucsonPhil]

I ran an analysis on companies that performed reverse splits over the past 5 years. One company did a RS of something like 1000 for 1398 every year. If you did a buy and hold, purchasing the shares 5 years ago, and selling today, it would have appeared that you were up about 30%, when in actuality you would have been down about 70%, after adjusting cost basis for all of the splits. Same company has been doing that since the early 2000s.

Here are some examples:
symbol date to_shares from_shares
BMNR 04/27/2021 200 40000
BMNRD 04/27/2021 200 40000
CYBN 11/10/2020 149 1000
ENOV 04/05/2022 581 1000
FOXO 07/28/2025 502 1000
FRGT 02/15/2022 454 1000
IRS 10/03/2023 907 1000
LTM 07/24/2024 1 2000
NMAI 11/22/2021 1457 1600
NWG 08/30/2022 928 1000
OUT 01/17/2025 976 1000
PBM 05/05/2025 125 1000
PROP 10/16/2023 34 1000
SKM 11/30/2021 607 1000
SLG 01/21/2021 971 1000
SMX 01/15/2025 35 1000
SMX 06/16/2025 243 1000
UNIT 08/04/2025 602 1000