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Video: What is a Stock Split?
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Waitr Holdings, together with its wholly owned subsidiaries, Co. operates an online ordering technology platform, providing delivery, carryout and dine-in options, connecting restaurants, drivers and diners in cities across the U.S. Co.'s product and services include: Restaurant Products and Services, which it provides restaurants with the ability to provide promotions and daily specials, optimize orders through analytics and manage restaurant menus; and Diner Products and Services, which it also provides diners with a team of customer support representatives, which can be accessed through its mobile and web applications to assist with any inquiries and to ensure a quality diner experience. According to our ASAP split history records, ASAP has had 1 split. | |
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ASAP (ASAP) has 1 split in our ASAP split history database. The split for ASAP took place on November 22, 2022. This was a 1 for 20 reverse split, meaning for each 20 shares of ASAP owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.
When a company such as ASAP conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the ASAP split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ASAP shares, starting with a $10,000 purchase of ASAP, presented on a split-history-adjusted basis factoring in the complete ASAP split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
08/19/2016 |
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End date: |
02/10/2023 |
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Start price/share: |
$194.00 |
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End price/share: |
$0.34 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.82% |
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Average Annual Total Return: |
-62.35% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$17.78 |
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Years: |
6.48 |
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Date |
Ratio |
11/22/2022 | 1 for 20 |
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