Recently, several popular US companies have underwent or will be having stock splits (e.g. AMZN, GOOG, SHOP).
HOW TO HANDLE STOCK SPLITS
In StocksCafe, the “correct” way to handle stock splits are to simply create two transactions on the split date.
Example: Amazon recently had a stock split on 6 June 2022 of 1:20.
Let’s assume you have 1 share of Amazon bought at $2,500 on 1 June 2022 (the date bought does not really matter).
The two transactions that you should create are:
1) A SELL transaction of 1 share of Amazon with price $2,500 on 6 June 2022
2) A BUY transaction of 20 shares of Amazon with price $125 on 6 June 2022
We recommend users to use this page to assist you in creating these two transactions.
ONE CLICK TO HANDLE STOCK SPLITS
However, the above assumes that you knew about the stock split event and the details around it....
