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Video: What is a Stock Split?
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Code Chain New Continent is a holding company. Through its subsidiaries, Co. focuses on the industrial solid waste recycling and comprehensive utilization. Co. has the following segments: research, development and sale of an array of solid waste recycling systems for the mining and industrial sectors; coal wholesales and sales of coke, steels, construction materials, mechanical equipment and steel scrap; and the research and development, production and sale of Zinc-rich coating materials. In addition, Co., through its subsidiary, Sichuan Wuge Network Games Co., Ltd., is developing Wuge Manor, a game that combines Internet of Things and e-commerce that is based on Code Chain platform. According to our CCNC split history records, CCNC has had 1 split. | |
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CCNC (CCNC) has 1 split in our CCNC split history database. The split for CCNC took place on November 09, 2022. This was a 1 for 30 reverse split, meaning for each 30 shares of CCNC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 33.3333333333333 share position following the split.
When a company such as CCNC 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 CCNC split history from start to finish, an original position size of 1000 shares would have turned into 33.3333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CCNC shares, starting with a $10,000 purchase of CCNC, presented on a split-history-adjusted basis factoring in the complete CCNC split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/26/2016 |
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End date: |
01/09/2023 |
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Start price/share: |
$283.20 |
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End price/share: |
$3.02 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.94% |
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Average Annual Total Return: |
-48.36% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$106.43 |
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Years: |
6.87 |
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Date |
Ratio |
11/09/2022 | 1 for 30 |
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