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Video: What is a Stock Split?
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Corner is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. According to our COOL split history records, COOL has had 2 splits. | |
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COOL (COOL) has 2 splits in our COOL split history database. The first split for COOL took place on June 13, 2014. This was a 1 for 7 reverse split, meaning for each 7 shares of COOL owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 142.857142857143 share position following the split. COOL's second split took place on August 01, 2016. This was a 1 for 6 reverse split, meaning for each 6 shares of COOL owned pre-split, the shareholder now owned 1 share. For example, a 142.857142857143 share position pre-split, became a 23.8095238095238 share position following the split.
When a company such as COOL 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 COOL split history from start to finish, an original position size of 1000 shares would have turned into 23.8095238095238 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into COOL shares, starting with a $10,000 purchase of COOL, presented on a split-history-adjusted basis factoring in the complete COOL split history.

Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/19/2021 |
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End date: |
07/02/2024 |
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Start price/share: |
$10.20 |
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End price/share: |
$11.10 |
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Dividends collected/share: |
$0.00 |
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Total return: |
8.82% |
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Average Annual Total Return: |
2.55% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$10,884.08 |
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Years: |
3.36 |
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Date |
Ratio |
06/13/2014 | 1 for 7 | 08/01/2016 | 1 for 6 |
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