Hello, I've had 2,000 shares of a stock for a while now, GROM. (https://www.marketwatch.com/investing/stock/grom)
The stock has been pretty low for a long time – hovering around $0.13 last time I checked. But I don't check my stocks every day, and just this morning had some time to review them.
On December 9, GROM apparently went through a “public offering,” which raised their price but took my 2,000 shares and turned them into 66 shares. I have no idea why this happened and I can't get a straight answer from the articles I'm reading.
Here is one, hopefully this makes sense to someone: https://finance.yahoo.com/news/grom-social-enterprises-inc-announces-190300983.html
GROM is now higher in price, but I lost almost all of my shares. What is even more confusing is that the site I use to keep track of my stocks' prices has completely changed what GROM's share price was over its history as a stock – it was never as high as it's showing in YTD and has barely scraped $0.30 for months, but it's showing $10+ now.
I'm very confused and frustrated as to why this happened. It doesn't look like the “value” of my stock has changed, but I've lost 1,934 shares and don't understand why or how.
If anyone with a greater stock knowledge could please explain the hows and whys of this particular event, it would be greatly appreciated so I know I'm not taking crazy pills.
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