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TheDumbMoney (43.37)

Abbott Labs (ABT) Chart/CAPS Still Not Fixed

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January 23, 2013 – Comments (7) | RELATED TICKERS: ABT , ABBV , GOOGL

On January 9th I posted that the ABT historical chart does not accurately reflect the price of the ABT component of the company that was ABT and is now ABT and ABBV.  Rather, on the split date, it shows an approximately 50% drop in "ABT" as if old ABT and new ABT are one and the same, rather than new ABT constituting approximately half of what was old ABT.  Accordingly, everybody who has ABT as a CAPS call suffered a major "loss" on that date, a loss that has still not been recouped.  My pick of old ABT is actually a strong winner, but currently shows a 17 point plus loss.  This is unacceptable.  I suspect that Fool.com uses Google Finance data, because Google Finance is also showing a 50% drop in ABT stock price, without adjusting the historical price to match the reality of the split that took place.  But it needs to be fixed.  Seriously people, ABT's stock did not drop 50% on the split date!  50% of the company became ABBV and the historical price for what is now ABT needs to be adjusted for that!

7 Comments – Post Your Own

#1) On January 23, 2013 at 2:17 PM, TheDumbMoney (43.37) wrote:

I should note I also submitted a bug notice about this over a week ago.

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#2) On January 23, 2013 at 5:48 PM, portefeuille (99.58) wrote:

Bloomberg is almost always treating dividends, splits, rights issues, etc. the right way. They should just check bloomberg.com every time they try to adjust something and not quit before they are in agreement or they have a very good reason not to be ;)

http://www.bloomberg.com/quote/ABT:US.

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#3) On January 24, 2013 at 1:47 PM, TheDumbMoney (43.37) wrote:

Bloomberg is usually good, and I see they have done this one correctly.  Seriously, how can a company like Google not properly adjust for a friggin split?  Also a clear signal that Fool.com has given up on the CAPS community and/or is asleep at the switch.

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#4) On January 25, 2013 at 12:32 PM, TheDumbMoney (43.37) wrote:

Das ist schtiel nein fixed, yo.

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#5) On January 30, 2013 at 1:35 PM, TheDumbMoney (43.37) wrote:

Really?

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#6) On January 30, 2013 at 7:44 PM, TheDumbMoney (43.37) wrote:

Still not fixed.  Bug report submitted over two weeks ago.  Multiple blogs about it.  Etc.  

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#7) On February 05, 2013 at 2:17 PM, TheDumbMoney (43.37) wrote:

This is still not fixed.  The chart now appears correct, but my pick still shows 30 points more underperformance than it did the day before the split. 

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