4 ms·

Wait, I'm a bit confused. Does this mean that I'm going to have X shares in GOOG and X shares in $newSymbol, and val(X)*2 = former stock price for GOOG? Or, wil

Wait, I'm a bit confused. Does this mean that I'm going to have X shares in GOOG and X shares in $newSymbol, and val(X)*2 = former stock price for GOOG? Or, will I retain X shares in GOOG and this new option will exist that will probably reduce the worth of my X shares. Obvious disclaimer: I have stock in GOOG

dpark 15y ago
If you have X shares of GOOG worth $Y, then after the split you'll have X shares of GOOG and X shares of GO2 (incidentally, this would be a cool ticker if they could get it). Your X shares of GOOG and X shares of GO2 would theoretically be worth $Y/2 each, but more likely, the value will be skewed slightly toward GOOG shares being higher. The actual price of your shares will be determined by the market, but you can expect that the total value of your stock should be fairly comparable after the split.
- chocolatebunny 15y ago
  That sucks. Isn't GO2 considered harmful?
  - nthitz 15y ago
    Just when used in a 32-bit platform
    - deleted 15y ago
      [deleted]
- sukuriant 15y ago
  Awesome. Thanks for the clarification :)
- soupboy 15y ago
  Not sure if tickers can have numbers Edit: Doesn't seem to be an official rule, but the de facto standard does appear to be 2-3-4-5 character tickers.[1] [1] http://www.sec.gov/news/press/2007/2007-63.htm http://www.sec.gov/news/press/2007/2007-63.htm
  - joeyo 15y ago
    Incidentally, the only one-character ticker symbols that seem to be unused are J, Q, and W.
- loverobots 15y ago
  dpark, other than maybe voting rights, isn't it the same as if Google doubled their Goog shares?
  - sukuriant 15y ago
    Which is common with splits. What confused me is the creation of a new stock symbol; and that's why I asked the question..
  - dpark 15y ago
    Yes. Aside from voting rights, it's exactly that. It's hard to predict what the market will do in the face of the voting rights issue, though. Berkshire Hathaway has a similar split between A and B stock, but they have an automated process in place to keep the prices in parity that involves converting A stock into B stock. They don't actually handle about the reverse, so B stock can indeed trade under parity. It's lower price (~1/30th of A stock, typically) means a greater demand, though, since relatively few people are buying A stock at $120k.

dpark 15y ago

If you have X shares of GOOG worth $Y, then after the split you'll have X shares of GOOG and X shares of GO2 (incidentally, this would be a cool ticker if they could get it). Your X shares of GOOG and X shares of GO2 would theoretically be worth $Y/2 each, but more likely, the value will be skewed slightly toward GOOG shares being higher. The actual price of your shares will be determined by the market, but you can expect that the total value of your stock should be fairly comparable after the split.

chocolatebunny 15y ago
That sucks. Isn't GO2 considered harmful?
- nthitz 15y ago
  Just when used in a 32-bit platform
  - deleted 15y ago
    [deleted]
sukuriant 15y ago
Awesome. Thanks for the clarification :)
soupboy 15y ago
Not sure if tickers can have numbers Edit: Doesn't seem to be an official rule, but the de facto standard does appear to be 2-3-4-5 character tickers.[1] [1] http://www.sec.gov/news/press/2007/2007-63.htm http://www.sec.gov/news/press/2007/2007-63.htm
- joeyo 15y ago
  Incidentally, the only one-character ticker symbols that seem to be unused are J, Q, and W.
loverobots 15y ago
dpark, other than maybe voting rights, isn't it the same as if Google doubled their Goog shares?
- sukuriant 15y ago
  Which is common with splits. What confused me is the creation of a new stock symbol; and that's why I asked the question..
- dpark 15y ago
  Yes. Aside from voting rights, it's exactly that. It's hard to predict what the market will do in the face of the voting rights issue, though. Berkshire Hathaway has a similar split between A and B stock, but they have an automated process in place to keep the prices in parity that involves converting A stock into B stock. They don't actually handle about the reverse, so B stock can indeed trade under parity. It's lower price (~1/30th of A stock, typically) means a greater demand, though, since relatively few people are buying A stock at $120k.