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 Video: What is a Stock Split?
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| Bird Global is a micromobility company engaged in delivering electric transportation solutions for short distances. Co.'s offerings include its vehicle-sharing business and operations (Sharing), and sales of Bird-designed vehicles for personal use (Product Sales). Co.'s Sharing business provides riders with access to Bird vehicles through its Bird App mobile application. Users can download the Bird App on both Android and iOS smartphone platforms and become an eligible Bird rider following a brief onboarding process. In addition to its Sharing business, Co. provides consumers the opportunity to purchase Bird vehicles for personal use through the Bird website and in select retail stores. According to our BRDS split history records, BRDS has had 1 split. | |
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BRDS (BRDS) has 1 split in our BRDS split history database. The split for BRDS took place on May 19, 2023. This was a 1 for 25 reverse split, meaning for each 25 shares of BRDS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 40 share position following the split.
When a company such as BRDS 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 BRDS split history from start to finish, an original position size of 1000 shares would have turned into 40 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BRDS shares, starting with a $10,000 purchase of BRDS, presented on a split-history-adjusted basis factoring in the complete BRDS split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
03/02/2021 |
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| End date: |
09/22/2023 |
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| Start price/share: |
$268.75 |
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| End price/share: |
$0.90 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-99.67% |
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| Average Annual Total Return: |
-89.24% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$33.51 |
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| Years: |
2.56 |
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| Date |
Ratio |
| 05/19/2023 | 1 for 25 |
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