Lucid reverse stock split on 9-2-2025

mtbdog

Lucid did a 1-10 reverse stock split today. Quicken made some interesting changes.

I have, I mean had, 1,300 shares worth $2.03/share on 8-24. On 8-25 the price is adjusted to $20.80 and I still have 1,300 shares. Accordingly, I have a gain of $24,401 on 8-25-2025. (A cruel hoax.)

Today my shares were reduced to 130. Along with the 10% price decline, Quicken is showing a 91% loss, -$23,444.

I'm inclined to change last week's prices back to the unadjusted and let the chips fall where they may today. In searching reverse stock splits in the past, seems like there's always the problem of a big loss being recorded on the day of the split. Over the years I've had several reverse splits, but I don't recall this happening. But I'll live with it if I have to.

Any suggestions (other than going back in time and not buying it in the first place) are welcome.

NotACPA

Change the prior quotes. Q's Quotes provided adjusted the price on the "ex-date" of the split.

mtbdog

Yap, at least it's only 5 to change. Thanks for the explanation, i.e., probably from ex-date.

mtbdog

I changed last week's prices, and also found a price for 9-1-2025, a holiday. Deleted that price and the big loss went away. Only today's actual market value change was showing.

Then Quicken inserted that price for 9-1-2025 for reasons unknown to me, and big loss returned. I deleted the price and the loss went away. Can't wait to see what happens next.

q_lurker

For some (unfathomable) reason, Quicken’s third party data supplier includes prices for weekday holidays repeating the prior date closing price. If I recall correctly, you’ll continue to get that bad infill for 5-days if using the Download Quotes option, or for 30-days using the Download Historical Prices option.

If you manually enter a closing value for the holiday, your manual entry should take precedence (should, but I am not promising).