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 Video: What is a Stock Split?
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| Drive Shack is an owner and operator of golf-related leisure and entertainment venues and courses. Co.'s segments include: entertainment golf and traditional golf. In entertainment golf segment, Co. provides social entertainment through its golf-related leisure and entertainment venues with gaming and golf technology, a chef-inspired menu, craft cocktails, and engaging social events. Each Co.'s venue features suite style bays with lounge seating; augmented-reality golf games and virtual course play; a restaurant and multiple bars; an outdoor patio with lawn games; and arcade games. Co.'s traditional golf segment includes American Golf, an operator of golf properties in the U.S. According to our DS split history records, DS has had 1 split. | |
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DS (DS) has 1 split in our DS split history database. The split for DS took place on February 29, 2000. This was a 2 for 1
split, meaning for each share of DS owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as DS splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the DS split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into DS shares, starting with a $10,000 purchase of DS, presented on a split-history-adjusted basis factoring in the complete DS split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
05/01/2015 |
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| End date: |
12/30/2022 |
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| Start price/share: |
$5.44 |
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| End price/share: |
$0.17 |
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| Starting shares: |
1,838.24 |
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| Ending shares: |
2,230.04 |
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| Dividends reinvested/share: |
$0.84 |
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| Total return: |
-96.21% |
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| Average Annual Total Return: |
-34.73% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$378.99 |
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| Years: |
7.67 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
05/01/2015 |
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| End date: |
12/30/2022 |
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| Start price/share: |
$5.44 |
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| End price/share: |
$0.17 |
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| Dividends collected/share: |
$0.84 |
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| Total return: |
-81.43% |
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| Average Annual Total Return: |
-19.71% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$1,856.25 |
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| Years: |
7.67 |
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| Date |
Ratio |
| 02/29/2000 | 2 for 1
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