# 3ABCDEFGHIJKLMNOPQRSTUVWYZ

Reverse Stock Split

A reduction of the number of outstanding shares in a company without cost to the shareholders who retain their proportionate holdings. This is not as common as a stock split and is usually only seen when the stock price is low. The move boosts the nominal price of each share, although it does not affect their value because each of the reduced number of shares now represents a larger share of ownership of the company. Also known as a negative stock split.