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A question

I use Robinhood to trade stocks. I had 10 shares of a stock called GALE which was only worth about $3. I woke up today and now the stock is called SLS and worth about $7 each but it shows that I have no stock holdings. Where did my shares go, could someone help me? Thank you.

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level 1
8 points · 1 year ago

https://finance.yahoo.com/news/galena-biopharma-inc-stockholders-approve-142500151.html

Looks like GALE did a 1 for 30 reverse stock split. Since you only had 10 shares you didn't have enough for 1 share and thus were most likely cashed out.

level 2
Original Poster2 points · 1 year ago

Ok thank you

level 2

Wait, so they combined 30 shares into 1? (Sorry I’m new to investing)

level 3
2 points · 1 year ago

That is correct. It's called a reverse stock split

level 1

Ah the ole reverse split and name change surprise.

level 2

Only the best (☞゚ヮ゚)☞

level 1

Go into history it will tell you, the order may have never got filled

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