Unisys Completes 1-for-10 Reverse Split - Eric Savitz (Barron's)

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Unisys Completes 1-for-10 Reverse Split
Oct 26, 2009 06:09 PM UTC

Eric Savitz (Barron's)

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Symbol	Sentiment	Start	Return	Closed
UIS	n/a

Via BARRONS.com: Tech Trader Daily - Barron's Online:

Unisys (UIS) today completed a 1-for-10 reverse stock split. The company is now down to 42.3 million shares, from 423 million.

The company, once a major hardware player and now mostly an IT services provider, closed Friday at $2.62; today is trading at about $27.90. The stock is not, however, contrary to the current stock quote on Yahoo Finance, up 965%. Nor does the company actually have a $10 billion market cap. (If only.) More like $1 billion and change.

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