What Investors Need to Know About Pier 1's Reverse Stock Split [The Motley Fool]
PIER 1 IMPORTS (PIR)
Last pier 1 imports earnings: 6/26 04:15 pm
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Source: The Motley Fool
What Investors Need to Know About Pier 1's Reverse Stock Split Pier 1 has effected a 1-for-20 reverse stock split. Does this move matter for investors? Investors may have been puzzled to read that Pier 1 Imports ( NYSE:PIR ) decided to effect a 1-for-20 reverse stock split. What is a reverse stock split and how does it impact Pier 1's stock? A reverse stock split occurs when a company reduces the total shares outstanding on paper and simultaneously adjusts its stock price. For example, a company could effect a 1-for-2 reverse stock split, which would result in cutting its share count in half and doubling its share price. In this example, a shareholder who owns 100 shares at $10 per share would have their holdings adjusted to 50 shares at $20 per share. The total value of the stock doesn't change (100 x $10 = 50 x $20); it's just adjusted to reflect a reduced share count on paper. In the case of Pier 1's announced reverse stock split, it has divided its share count by 20 after shareho
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