Stock Price

[TAXBILLY]

I have a client who sold GE stock that she received as an inheritance on 8/15/1979. Going to Big Charts Historical Prices I get the price that day. Where do I find the history of the stock as to splits? She did not reinvest dividends.

taxbilly

PS

On 8/15/1979 it says the split adjusted price is 1.143229 and the adjustment factor is 48:1. Does that give me a clue?

[jklcpa]

I checked GE's website & it's very frustrating. I get the same historical price you have of 1.143229. It does show 10 yrs historical of dividends also reporting 2 splits:

2 for 1 for cert. dtd 5/9/97 and

3 for 1 for cert. dtd 5/5/00

I couldn't find any other sites that would give you history of other splits, but there are probably others.

You might try contacting GE's investor relations directly. GE's website is www.ge.com

[Don in Upstate NY]

I have a client who sold GE stock that she received as an inheritance on 8/15/1979. Going to Big Charts Historical Prices I get the price that day. Where do I find the history of the stock as to splits? She did not reinvest dividends.

taxbilly

PS

On 8/15/1979 it says the split adjusted price is 1.143229 and the adjustment factor is 48:1. Does that give me a clue?

Google GE and the first hit is the stock price chart from Google Financial. That one shows five splits since 1979 -- all in May.

1983 2:1

1987 2:1

1994 2:1

1997 2:1

2000 3:1

So your 48:1 clue is right on! Her basis is $54.87 against a current price of $37.45.

[jklcpa]

Don, thanks for posting that site & the info. So simple to isolate & display the splits.

[SCL]

Google GE and the first hit is the stock price chart from Google Financial. That one shows five splits since 1979 -- all in May.

1983 2:1

1987 2:1

1994 2:1

1997 2:1

2000 3:1

So your 48:1 clue is right on! Her basis is $54.87 against a current price of $37.45.

the closing price on 8/15/79 was 54.88. isn't the current basis per share $1.1433? (54.88/48 = $1.1433). or the $1.143229 that was originally stated (subject to other rounding).

[Don in Upstate NY]

the closing price on 8/15/79 was 54.88. isn't the current basis per share $1.1433? (54.88/48 = $1.1433). or the $1.143229 that was originally stated (subject to other rounding).

You are correct of course. [Reminder to self - think before idly combining numbers to reach a conclusion. ]

It's interesting to note that Yahoo historical quotes gives the "adjusted close" (adjusting for both splits and dividends) as $0.50 while BigCharts gives the "split adjusted price" as $1.1432. So it would seem that Yahoo is more useful when calculating return on investment (including dividends) while BigCharts is more useful when preparing a Schedule D.

[TAXBILLY]

Thanx to all.

taxbilly

[Julie]

I think that would depend whether the dividends were reinvested or received in cash?

You are correct of course. [Reminder to self - think before idly combining numbers to reach a conclusion. ]

It's interesting to note that Yahoo historical quotes gives the "adjusted close" (adjusting for both splits and dividends) as $0.50 while BigCharts gives the "split adjusted price" as $1.1432. So it would seem that Yahoo is more useful when calculating return on investment (including dividends) while BigCharts is more useful when preparing a Schedule D.