Citi - split issues

May 09, 2011 5 Replies
P

Using Q2009 dlx - With the 10:1 reverse split of Citi, I've observed a couple of issues...


1 - my Schwab download insists on using Shares Removed / Shares Added vs Stock Split..... I deleted the 2 transactions and just manually entered the Stock Split. Why would Schwab create the Removed/Added transactions vs Stock Split ? Is there a subtle difference.... I believe the CUSIP changes, but not the symbol.


2 - the split share price was updated as of 5/9/11 - from $4.50 to $45.00 but the historical prices keep updating to $45 back to 5/3/11, which displays a huge loss on today's daily download screen.



I thought the price change was as of end of 5/6/11 or begin trade 5/9/11, so why does it keep backdating the price change....


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A

For the record, Vanguard's download did the same thing. The price went to the post-reverse split price in as of 5/2 in my Quicken security price history, but the actual SHARES ADDED/SHARES REMOVED came in dated 5/9.

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C

I am using Q2010 and got the same shares removed/shares added transactions from Fidelilty. I did as you, deleting the two transactions and manually entering it as a stock split. I am glad to see that someone else came up with the same solution.

In my case, the price was updated to 44.90 on 5/2.

Caryl

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A

FWIW,

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has the historical prices. Here's a small sample of the relevant time period: May 10, 2011 44.20 May 9, 2011 44.16 May 9, 2011 1: 10 Stock Split May 6, 2011 4.52 May 5, 2011 4.48 May 4, 2011 4.52 May 3, 2011 4.52 May 2, 2011 4.49 Apr 29, 2011 4.59

-------------------------------------------------------------- Regards -

- Andrew

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P

over on the Quicken Forum - they indicated there was an internal problem with the backdated prices of Citi - and even if you updated them manually, they would get replaced on the Update/Download, but after a week this is ignored and you can then manually update them permanently...

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J

"Andrew" wrote

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9870129

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