Adding a Stock Split in Quicken for Mac
When a security splits, you're given additional shares.
A reverse split is a reduction in the number of shares of stock. The opposite of a stock split, a reverse split meas that shareholders will hold fewer shares, although the value of their investment remains the same. Companies use various formulas to determine how much stock each shareholder should have, such as 1-for-2 or 1-for-5. If you own 100 shares of the stock YUP, valued at $5 per share, a 1-for-2 split means you will have 50 shares valued at $10 a share. In each case your stake is worth $500. Companies often announce reverse stock splits to make their stock more attractive to institutional investors. Some funds have prohibitions against buying stocks that are priced too low, which are considered very speculative. Stock prices often sag for some time after the announcement of a reverse split.
If this is a reverse split, for example, 1-for-2, you would end up with fewer shares rather than more, and each share would have a higher ending price. For example: For a 1-for-2 reverse stock split,enter 1 in the New Shares field and 2 in the Old Shares field.
Use the Stock Split transaction type to record split or reverse split of any stock that you are holding.
To add a stock split
- Open the account you want to use.
- Click the New button from the toolbar.
- Select Stock Split from the Transaction Types list.
- Add the information for:
- Date - Enter the date when the shares were transferred to your account.
- Security - Select the security for which the shares are transferred to your account.
- Total Cost - Enter the total cost of the shares on the date of transfer.
- Number of Shares - Enter the number of shares transfer.
- Commission - Enter the amount paid towards commission per share. Based on the amount entered as commission, price per share is adjusted.
- Memo - Enter the note you want to associate with the transaction.
- Tags - Enter the tags that you want to use while searching the transaction.
- To add an attachment to the transaction, select Attachments, click the Add attachment button, and select the file you want to attach to the transaction.
- Click Save when you are done.