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Video: What is a Stock Split?
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Bright Health is a healthcare company. Co. consists of two reportable segments NeueHealth and Bright HealthCare. NeueHealth is Co.'s healthcare delivery, enablement, and technology business. NeueHealth engages in local, personalized care delivery in several ways such as integrated care delivery, bright health network, and value services organization. Bright HealthCare is Co.'s healthcare financing and distribution business. Bright HealthCare, delivers solutions to integrate the consumer into Bright Health's alignment model. Bright HealthCare aggregates and delivers healthcare benefits to consumers through its various offerings, serving consumers across several product lines. According to our BHG split history records, BHG has had 1 split. | |
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BHG (BHG) has 1 split in our BHG split history database. The split for BHG took place on May 22, 2023. This was a 1 for 80 reverse split, meaning for each 80 shares of BHG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 12.5 share position following the split.
When a company such as BHG 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 BHG split history from start to finish, an original position size of 1000 shares would have turned into 12.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BHG shares, starting with a $10,000 purchase of BHG, presented on a split-history-adjusted basis factoring in the complete BHG split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
06/25/2021 |
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End date: |
01/26/2024 |
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Start price/share: |
$1,380.00 |
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End price/share: |
$16.35 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.82% |
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Average Annual Total Return: |
-81.97% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$118.51 |
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Years: |
2.59 |
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Date |
Ratio |
05/22/2023 | 1 for 80 |
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