My Starbucks position is showing an extraordinary gain today. How do I fix it?
Today is Starbucks first trading day of the split shares. My account totals are correct (total $ in account), and the share totals are correct (2x yesterday's close). The price is correct also (as I type this, $47.52, which is roughly half of yesterdays trading price). The problem is, the portfolio view is showing a $23.71 gain for today.
It looks like it is taking yesterday's close (the new split price) as the old pre-split price, and then halving that as the post split open. So, stock yesterday was trading at $94.xx, but all the reporting services show it as closing at $47.62. Quicken is using that $47.62 price as the pre split price I guess, and then showing a $23.xx per share gain on the open.