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Video: What is a Stock Split?
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Hall of Fame Resort & Entertainment is a resort and entertainment company utilizing the power and popularity of football and its players in partnership with the National Football Museum, Inc., doing business as the Pro Football Hall of Fame (PFHOF). Co. owns the Hall of Fame Village powered by Johnson Controls, Inc., a multi-use sports and entertainment destination centered around the PFHOF's campus. Co. is developing new hospitality, attraction and corporate assets surrounding the Pro Football Hall of Fame Museum as part of its Phase II development plan. According to our HOFV split history records, Hall Of Fame Resort and Entertainment has had 1 split. | |
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Hall Of Fame Resort and Entertainment (HOFV) has 1 split in our HOFV split history database. The split for HOFV took place on December 27, 2022. This was a 1 for 22 reverse split, meaning for each 22 shares of HOFV owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 45.4545454545455 share position following the split.
When a company such as Hall Of Fame Resort and Entertainment 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 HOFV split history from start to finish, an original position size of 1000 shares would have turned into 45.4545454545455 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Hall Of Fame Resort and Entertainment shares, starting with a $10,000 purchase of HOFV, presented on a split-history-adjusted basis factoring in the complete HOFV split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/14/2018 |
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End date: |
03/28/2024 |
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Start price/share: |
$213.62 |
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End price/share: |
$3.59 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.32% |
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Average Annual Total Return: |
-49.14% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$168.03 |
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Years: |
6.04 |
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Date |
Ratio |
12/27/2022 | 1 for 22 |
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