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Video: What is a Stock Split?
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Guardion Health Sciences is a clinical nutrition company that develops and distributes clinically supported nutrition, medical foods and dietary supplements. Co.'s subsidiary, Activ Nutritional, LLC (Viactiv), owns and distributes the Viactiv® line of supplements for bone health, immune health and other applications. The Viactiv line of supplements contains several flavored nutritional supplement products, but the milk chocolate and caramel flavored calcium chews constitute the main product category. Co. also sells Lumega-Z, its medical food product that has a formula designed to replenish and restore the macular protective pigment, simultaneously delivering nutrients to the eye. According to our GHSI split history records, Guardion Health Sciences has had 2 splits. | |
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Guardion Health Sciences (GHSI) has 2 splits in our GHSI split history database. The first split for GHSI took place on March 01, 2021. This was a 1 for 6 reverse split, meaning for each 6 shares of GHSI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 166.666666666667 share position following the split. GHSI's second split took place on January 09, 2023. This was a 1 for 50 reverse split, meaning for each 50 shares of GHSI owned pre-split, the shareholder now owned 1 share. For example, a 166.666666666667 share position pre-split, became a 3.33333333333333 share position following the split.
When a company such as Guardion Health Sciences 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 GHSI split history from start to finish, an original position size of 1000 shares would have turned into 3.33333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Guardion Health Sciences shares, starting with a $10,000 purchase of GHSI, presented on a split-history-adjusted basis factoring in the complete GHSI split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/08/2019 |
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End date: |
04/18/2024 |
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Start price/share: |
$1,065.00 |
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End price/share: |
$8.05 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.24% |
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Average Annual Total Return: |
-62.12% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$75.54 |
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Years: |
5.03 |
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Date |
Ratio |
03/01/2021 | 1 for 6 | 01/09/2023 | 1 for 50 |
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