One of my sims picked this company but I really don’t understand what I am looking at.
Did it really have a price above $500MM?
The chart in the Snapshot page is adjusted by splits. Between 2011 and 2020 there were 6 reverse stock splits for INPX, the unadjusted price in 2005 was 32 million times lower (202153040*45).
You can check more in detail the splits in the Prices page.
Is there a way to screen for historical reverse splits? Maybe a count?
Thanks
Tony
Yes. Use SplitCount() and SplitFactor(). For example, to screen for stocks with three splits over the last ten years that compounded to reverse splits, you’d use SplitCount(3560) >= 3 and SplitFactor(3560) < 1. INPX is one of the stocks that pass this screen.
Thanks Yuval.
So the opposite of that (to exclude INPX) is… what?
I tried this but apparently my logic is wrong because it still captures stocks like INPX:
Eval(SplitCount(3560) >= 3 and SplitFactor(3560) < 1,0,1)
Seems like this should work.
SplitCount(3560) < 3 or SplitFactor(3560) > 1
Wouldn’t this also eliminate any stock with three or more normal splits?
No. There’s an “or,” not an “and.” So let’s take a stock with a split factor less than one and that had 6 splits. It would fail the first rule but pass the second, so the “or” would let it pass. A stock with no splits at all would pass the first rule but fail the second. So it would pass too. The only stocks to be excluded would be stocks with a split count higher than 3 and a split factor less than 1.