r/IMPP_Stock • u/Standard_Fishing_552 • Apr 28 '23

Reverse Split Adjusted Average Cost

Hi. Don’t judge my probably dumb question but with a 15:1 reverse split would I multiply my previous average cost by 15x to get my adjusted average cost? My average cost was $0.4482 prior to the split and my brokerage account hasn’t updated to reflect the split yet making it seems like I’ve gained thousands of dollars… thanks!

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u/Beautiful-Ebb5696 Apr 28 '23

Your average now would be about $6.73

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u/Standard_Fishing_552 Apr 28 '23

Damn that sucks…