If the end of the split time is end of day on the 27th, what happens if I purchase 100 shares of GE on Tuesday May 2nd for 166 dollars a share and the stock splits on the 8th. How many shares will I have after the split, and what will the value of my holdings be if the stock remains (without accounting for the split)at 166.00. Im rather new at this so I will take any answer after you wipe the tears away and pick yourself up of the floor.
to buy 100 shares of GE on Tuesday May 2 for 166. The stock will start trading when issued on Friday at the new prices. If you want, I will sell you 100 shares on Tuesday for 100, but when the new shares are sent out, you will not get any, I will. Then I will wipe the tears away and bick myself off the floor. If anyone tries to sell you any shares tues May 2 for 160, run away.