Today, Tom and Tony are going to cover this topic. The split will be effective after the market close on April 28th with shares trading at their new price on April 29th. The stock will be trading at 8 times the pre-split price. For prior years see complete reverse stock split history across our coverage universe. USO has a 1-for-8 reverse stock split on April 28. The split for USO took place on April 29, 2020. A list of recent reverse stock splits completed in 2019 and 2020. A reverse stock split history across our coverage universe. Find the latest United States Oil Fund (USO) stock quote, history, news and other vital information to help you with your stock trading and investing. First, the reverse share split is expected to increase the marketability and … For example, a 1000 share position pre-split, became a 125 share position following the split. This was a 1 for 8 reverse split, meaning for each 8 shares of USO owned pre-split, the shareholder now owned 1 share. United States Oil Fund (USO) has 1 split in our USO split history database. What does this mean and how would this impact our options trading? It announced its own 1:8 reverse split in order to stay afloat. USO has decided to implement the reverse share split for two reasons. ... StockSplitHistory.com is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. The reverse share split will reduce the number of USO's shares outstanding and will result in a proportionate increase in the net asset value per share ("NAV") of USO.
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