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 Video: What is a Stock Split?
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| Solo Brands is a holding company. Through its subsidiaries, Co. is engaged in the operation of outdoor lifestyle brands including Solo Stove, Oru Kayak, ISLE Paddle Boards and Chubbies apparel. Co.'s brands develop products and market through direct-to-consumer e-commerce channels. Co.'s Stoves include the Lite, Titan, and Campfire, which is wood burning and incorporates its burn technology. The Oru brand including the Inlet, Beach LT, Bay ST, Coast XT and Haven. ISLE provides product categories including Inflatables, Yoga, Fishing, All Around, Touring, Surf, and Epoxy. The Chubbies brand has product lines including Swim Trunks, Casual Shorts, Sport, Polos + Shirts and Lounge. According to our DTC split history records, Solo Brands has had 1 split. | |
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Solo Brands (DTC) has 1 split in our DTC split history database. The split for DTC took place on May 26, 1987. This was a 2 for 1
split, meaning for each share of DTC 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 Solo Brands 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 DTC 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 Solo Brands shares, starting with a $10,000 purchase of DTC, presented on a split-history-adjusted basis factoring in the complete DTC split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/29/2021 |
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| End date: |
04/26/2024 |
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| Start price/share: |
$18.36 |
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| End price/share: |
$1.88 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-89.76% |
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| Average Annual Total Return: |
-59.91% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$1,024.02 |
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| Years: |
2.49 |
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| Date |
Ratio |
| 05/26/1987 | 2 for 1
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