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Video: What is a Stock Split?
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Better Choice is a holding company. Through its subsidiaries, Co. is an animal health and wellness company. Co. has a portfolio of animal health and wellness products for dogs and cats sold under the Halo, TruDog, TruGold, Rawgo! and Orapup brand names across various forms and classes, including foods, treats, toppers, dental products, chews, tinctures, grooming products and supplements. Co.'s products consist of raw-diet dog food and treats, naturally formulated kibble and canned dog and cat food, hemp-based cannabidiol soft chews and flavor-infused tinctures, oral care products, supplements and grooming aids. According to our BTTR split history records, Better Choice has had 2 splits. | |
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Better Choice (BTTR) has 2 splits in our BTTR split history database. The first split for BTTR took place on June 29, 2021. This was a 1 for 6 reverse split, meaning for each 6 shares of BTTR owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 166.666666666667 share position following the split. BTTR's second split took place on March 21, 2024. This was a 1 for 40 reverse split, meaning for each 40 shares of BTTR owned pre-split, the shareholder now owned 1 share. For example, a 166.666666666667 share position pre-split, became a 4.16666666666667 share position following the split.
When a company such as Better Choice 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 BTTR split history from start to finish, an original position size of 1000 shares would have turned into 4.16666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Better Choice shares, starting with a $10,000 purchase of BTTR, presented on a split-history-adjusted basis factoring in the complete BTTR split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/06/2021 |
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End date: |
04/23/2024 |
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Start price/share: |
$331.20 |
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End price/share: |
$7.17 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-97.84% |
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Average Annual Total Return: |
-68.77% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$216.55 |
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Years: |
3.29 |
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Date |
Ratio |
06/29/2021 | 1 for 6 | 03/21/2024 | 1 for 40 |
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