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Video: What is a Stock Split?
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Express is a holding company. Through its subsidiaries, Co. is a fashion retail company whose business includes an omnichannel operating platform, physical and online stores, and a multi-brand portfolio that includes Express and UpWest. Co.'s stores are located in shopping malls, lifestyle centers, outlet centers, and street locations. Co. sells its products through its online store, www.express.com, its mobile app, as well as through franchisees who operate Express locations in Latin America pursuant to franchise agreements. Co. reports a single segment, which includes the operation of its Express brick-and-mortar retail and outlet stores, eCommerce operations, and franchise operations. According to our EXPR split history records, EXPR has had 1 split. | |
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EXPR (EXPR) has 1 split in our EXPR split history database. The split for EXPR took place on August 31, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of EXPR owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.
When a company such as EXPR 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 EXPR split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into EXPR shares, starting with a $10,000 purchase of EXPR, presented on a split-history-adjusted basis factoring in the complete EXPR split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/01/2014 |
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End date: |
03/28/2024 |
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Start price/share: |
$324.60 |
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End price/share: |
$1.30 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.60% |
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Average Annual Total Return: |
-42.43% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$40.05 |
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Years: |
10.00 |
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Date |
Ratio |
08/31/2023 | 1 for 20 |
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