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Video: What is a Stock Split?
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Hempacco is focused on Disrupting Tobacco by manufacturing and selling nicotine-free and tobacco-free alternatives to conventional cigarettes. Co. utilizes a patented spraying technology for terpene infusion and patent-pending flavored filter infusion technology to manufacture hemp and herb-based smokable alternatives. Co. has conducted research and development in the smokables space and is engaged in the manufacturing and sale of smokable hemp and herb products, including The Real Stuff Hemp Smokables. Co.'s operational segments include private label manufacturing and sales, intellectual property licensing, and the development and sales of inhouse brands using patented counter displays. According to our HPCO split history records, Hempacco has had 1 split. | |
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Hempacco (HPCO) has 1 split in our HPCO split history database. The split for HPCO took place on March 13, 2024. This was a 1 for 10 reverse split, meaning for each 10 shares of HPCO owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Hempacco 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 HPCO split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Hempacco shares, starting with a $10,000 purchase of HPCO, presented on a split-history-adjusted basis factoring in the complete HPCO split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
08/31/2022 |
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End date: |
04/26/2024 |
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Start price/share: |
$51.10 |
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End price/share: |
$1.00 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.04% |
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Average Annual Total Return: |
-90.72% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$195.66 |
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Years: |
1.65 |
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Date |
Ratio |
03/13/2024 | 1 for 10 |
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