I don’t want to be a huge noob, but I can’t figure out this math in my brokerage account. Any ideas?
I bought 70 shares of HMMJ in 2017 for 14.24/share. (cost me $996.80)
There was a reverse split 2 months ago and my 70 shares turned into 41 somehow. I thought a 2:1 split would half the shares to 35. I checked my transaction history and there’s no DRIP for this in my transaction history – only these two records.
It says my average price is 7.16 and current price is 7.09, so I would think my market value would be the ratio between 7.16 and 7.09, but it shows market value is $290.69 which is almost a 60% loss.
Any ideas what kind of fuckery math is happening here or am I just a huge noob?
Thanks!