How to find stock prices from 2000 (1 Viewer)

geauxboy

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Hey,

I am looking for the ACTUAL stock price for ExxonMobil on Sept 15th 2000. We have found many different prices. Some say around $80 (Yahoo Finance), but Exxon's site shows $44. How do I find the actual closing price and which one is accurate?

:1zhelp:
 

TPS

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>>I am looking for the ACTUAL stock price for ExxonMobil on Sept 15th 2000. We have found many different prices. Some say around $80 (Yahoo Finance), but Exxon's site shows $44. How do I find the actual closing price and which one is accurate?

You can probably get it from their listing company (Dow Jones???). Often different prices factor in (or don't factor in) splits that may have occurred since that time period. That's most likely what is causing the disparity unless one of them is just completely wrong.

TPS
 
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geauxboy

geauxboy

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Thanks y'all. This is for my gf's taxes this year since she cashed some of it out last year. Which price should we go by? $89 or $44?
 

bclemms

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Thanks y'all. This is for my gf's taxes this year since she cashed some of it out last year. Which price should we go by? $89 or $44?

If she got the shares from the split then $44. If she bought in after the split then $89. I think.

Edit: that makes no sense.

$44 because if she bought in before the split then she got double shares and the value would be the same. If she bought in after the split then price was $44.
 
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geauxboy

geauxboy

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She inherited the stock, therefor neither of us have any idea if it were pre or post split. I'm sure her tax guy can figure it out, it's just that she's itchin for the answer NOW!!!!!!!!!!!!!
 

dajmno

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The cost basis will be the trading price of the stock the day it was inherited (rather then the date the original shareholder acquired the stock; which does help when it comes to minimizing your capital gains tax).

In order to calculate the accurate capital gains, you'll use the adjusted split price.
 
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geauxboy

geauxboy

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Ah! Thanks, I think.

According to her, the $44 price is gonna cost her big, but the $89 wouldn't have. Now, I don't know what the hell is going on and which will cost her, but that's what she's thinking right now.
 

dajmno

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Based on XOM's performance since September 2000, the sale of the stock last year resulted in a realized capital gain; split or no split.

Had the stock never split, your cost basis would be $89, but the stock would also be trading at around $174. The percentage of your gain is the same, regardless. Using the $89 cost basis with a sale at the split adjusted price, would result in a capital loss, which isn't correct.
 

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