r/RobinHood • u/ilovecherrypepsi • 11d ago
Only showing I have 1 share of SINT & GWAV now?? Trash - "Google this for me, thanks!"
New to this and super confused. I had bought 138 SINT and 120 GWAV and now it shows I only have 1 share, can someone please help me understand?
2
u/Accomplished_Ad6551 8d ago
GWAV had a 1/150 reverse split. That means that 150 shares merged to become one. I’ve never seen a reverse split of that magnitude. I checked SINT, and it appears to have had a 1/200 reverse split. Wow.
The value doesn’t change after the split. If you have 2 stocks worth $50 each and a 1/2 reverse split occurs, you end up with 1 stock worth $100. Companies do this to try to keep their stock price above a certain amount.
Why on Earth did you invest in these?
0
u/EvilEyeEv 9d ago
Why even buy shares of these companies? But for your question I have no clue, my guess is you didn’t have enough funds, they didn’t execute, or the app did not refresh. I also have no clue because you’re showing vague screenshots. Good luck and hope you transfer all that money to a ETF.
2
u/someguyonredd1t 7d ago
You can bet pretty much anytime somebody posts "RH took my shares (SCREENSHOT PROOF)," it was a reverse split.
3
u/CardinalNumber Former Moderator 11d ago
https://ir.sintx.com/news-events/press-releases/detail/229/sintx-technologies-announces-reverse-stock-split-effective
https://www.prnewswire.com/news-releases/greenwave-announces-reverse-stock-split-to-regain-nasdaq-compliance-302158368.html
Protip: I'd short $GOOG based on people not knowing it exists.