Sell Citi? Reverse Split 1-to-10?
Citi announced that they will reverse split its stock 1-to-10 in May. Do you think I should sell my Citi stocks now since I'm still have positive gain?
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Stock split could help drive the stock up since there will be more available institutional buyers. However, I think historically after stock splits the price has decreased even lower. It's a tough call but Citi's bright side is it's emerging markets, which is ahead of the pack.
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