When you submit the request to transfer your stocks to Moomoo Financial Inc., you can choose whether to fill in the share cost or not. If you do not fill in the share cost, the closing price on the previous trading day before the stocks arrive in your Moomoo Financial Inc. account will be deemed as the share cost. If you filled in the share cost, the number you filled in will be deemed as your share cost. However, your profit or loss will not be affected by the share cost of your positions displayed the app, and your actual share cost will be reflected in your tax documents.
Moomoo is a professional trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
Any illustrations, scenarios, or specific securities referenced herein are strictly for illustrative purposes. Past investment performance does not guarantee future results. Investing involves risk and the potential to lose principal.