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.
