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re: EXXI - hitting new lows everyday
Posted on 10/9/14 at 2:05 pm to OnTheBrink
Posted on 10/9/14 at 2:05 pm to OnTheBrink
quote:
And the next, what does that usually indicate, or why would a company do a reverse stock split?
It's a psychology thing I would guess. People feel better about buying a share for $30 than for $15? Makes about as much logical sense as a regular stock split.
1
Posted on 10/9/14 at 2:11 pm to TheIndulger
Lots of investment funds can't buy shares that are below a certain value, $5 being a common cuttoff point. Reverse splits grow the investor audience and improve dollar volume liquidity.
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