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Video: What is a Stock Split?
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Vinco Ventures is focusing on development and commercialization of digital media and content technologies. Co.'s subsidiary, ZVV Media Partners, LLC, owns Lomotif, a Singapore-based video-sharing social networking platform that is committed to democratizing video creation. The Lomotif app allows its users to create their own music videos by selecting pictures and videos from the camera, mixing them up with music and automatically transforming clips into music videos. Co.'s other subsidiary AdRizer LLC provides technology solutions to automate the use of artificial intelligence for digital advertising analytics and programmatic media buying through its platform, Cortex. According to our BBIG split history records, BBIG has had 2 splits. | |
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BBIG (BBIG) has 2 splits in our BBIG split history database. The first split for BBIG took place on June 30, 2022. This was a 147 for 100 split, meaning for each 100 shares of BBIG owned pre-split, the shareholder now owned 147 shares. For example, a 1000 share position pre-split, became a 1470 share position following the split. BBIG's second split took place on May 11, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of BBIG owned pre-split, the shareholder now owned 1 share. For example, a 1470 share position pre-split, became a 73.5 share position following the split.
When a company such as BBIG splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as BBIG 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 BBIG split history from start to finish, an original position size of 1000 shares would have turned into 73.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BBIG shares, starting with a $10,000 purchase of BBIG, presented on a split-history-adjusted basis factoring in the complete BBIG split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
05/04/2018 |
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End date: |
12/04/2023 |
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Start price/share: |
$77.80 |
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End price/share: |
$0.01 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.99% |
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Average Annual Total Return: |
-81.63% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$0.77 |
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Years: |
5.59 |
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Date |
Ratio |
06/30/2022 | 147 for 100 | 05/11/2023 | 1 for 20 |
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