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Video: What is a Stock Split?
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Cheer Holding is a holding company. Through its subsidiaries, Co. is focused on providing advertisement and content production services and is a mobile and online advertising, media and entertainment business in People's Republic of China (China) by creating content featuring lifestyle, culture and fashion. Co. provides the copyright licensing of self-produced content, advertising and customized content production and CHEERS e-Mall marketplace service, membership fees, and others. Co.'s CHEERS App includes: E-Mall (Online Store); Live Streaming; Online Short Videos; and Online Games. According to our CHR split history records, Cheer Holding has had 1 split. | |
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Cheer Holding (CHR) has 1 split in our CHR split history database. The split for CHR took place on November 27, 2023. This was a 1 for 10 reverse split, meaning for each 10 shares of CHR owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Cheer Holding 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 CHR split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cheer Holding shares, starting with a $10,000 purchase of CHR, presented on a split-history-adjusted basis factoring in the complete CHR split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
09/13/2018 |
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End date: |
04/22/2024 |
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Start price/share: |
$95.20 |
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End price/share: |
$2.68 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-97.18% |
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Average Annual Total Return: |
-47.07% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$281.65 |
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Years: |
5.61 |
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Date |
Ratio |
11/27/2023 | 1 for 10 |
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