Following on from quarterly earnings report, Alphabet (Google) announced a 20 for 1 stock split.
I wanted to understand how this will be implemented by T212?
Given that a single GOOGL (Class A) costs $2,750, I don’t own a full share, only a fraction.
Will T212 liquidate my position as was done during the Tesla stock split in 2020 or will my fractional shares get multiplied by 20? (e.g. 0.2 shares would now become 4 shares)
Alphabet (GOOG, GOOGL) will do Stock 20 for 1 Split, July 15, 2020.
I wonder for those who are holding a fractional share, say you own 0.6 of GOOGL. What will happen in the split day.
Will you get 12 stocks or you will have to sell your stock because only while share will be splitted and fractional shares can not be splitted ??