AIG up 1700%? Uh, no.
In case you're wondering why AIG shares have popped from $1.16 yesterday to above $20 this morning, the answer is that the company's 1-for-20 reverse split went effective today.
You can find the initial SEC filing announcing the proposal here:
Finally, if you've found yourself down 1,000+ points on CAPS because of this (as I am), don't worry -- based on past experience, we'll get it resolved soon.
Dan Caplinger (TMFGalagan) - no real-money position in AIG