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Video: What is a Stock Split?
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Crown Electrokinetics develops and sells optical switching film that can be embedded between sheets of glass or applied to the surface of glass, or other rigid substrates such as acrylic, to electronically control opacity (DynamicTint). Originally developed by Hewlett-Packard, Co.'s technology allows a transition between clear and dark in seconds and can be applied to an array of windows, including commercial buildings, automotive sunroofs, and residential skylights and windows. At the primary of Co.'s proprietary technology is a thin film that is powered by electrically charged pigment which not only replaces common window tints but is also a sustainable alternative to window treatments. According to our CRKN split history records, Crown Electrokinetics has had 1 split. | |
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Crown Electrokinetics (CRKN) has 1 split in our CRKN split history database. The split for CRKN took place on August 15, 2023. This was a 1 for 60 reverse split, meaning for each 60 shares of CRKN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 16.6666666666667 share position following the split.
When a company such as Crown Electrokinetics 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 CRKN split history from start to finish, an original position size of 1000 shares would have turned into 16.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Crown Electrokinetics shares, starting with a $10,000 purchase of CRKN, presented on a split-history-adjusted basis factoring in the complete CRKN split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/11/2021 |
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End date: |
04/26/2024 |
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Start price/share: |
$255.00 |
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End price/share: |
$0.05 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.98% |
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Average Annual Total Return: |
-92.50% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$2.00 |
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Years: |
3.29 |
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Date |
Ratio |
08/15/2023 | 1 for 60 |
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