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Video: What is a Stock Split?
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Lottery.com is a engaged in the retail sale of lottery tickets. Co. provides a business-to-business application programming interface of a platform, which enabled its commercial partners, in permitted U.S. and international jurisdictions, to purchase certain legally operated lottery games from Co. and to resell them to users located within their respective jurisdictions. According to our LTRY split history records, Lottery.com has had 1 split. | |
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Lottery.com (LTRY) has 1 split in our LTRY split history database. The split for LTRY took place on August 10, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of LTRY 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 Lottery.com 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 LTRY 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 Lottery.com shares, starting with a $10,000 purchase of LTRY, presented on a split-history-adjusted basis factoring in the complete LTRY split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
06/14/2018 |
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End date: |
04/26/2024 |
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Start price/share: |
$195.00 |
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End price/share: |
$1.77 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.09% |
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Average Annual Total Return: |
-55.11% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$90.72 |
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Years: |
5.87 |
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Date |
Ratio |
08/10/2023 | 1 for 20 |
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