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Video: What is a Stock Split?
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Mullen Automotive is an electric vehicle company that operates in various verticals of businesses focused within the automotive industry. Co. is engaged in passenger electric vehicles and a portfolio of Commercial vehicles. Co.'s product lines include: Mullen FIVE and Mullen FIVE RS; Mullen Class 1 Van; Mullen Class 3; Bollinger B1 and B2; Bollinger B4 Chassis Cab; Bollinger B4 Platform; Mullen I-GO; and I-GO Platform. According to our MULN split history records, Mullen Automotive has had 2 splits. | |
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Mullen Automotive (MULN) has 2 splits in our MULN split history database. The first split for MULN took place on May 04, 2023. This was a 1 for 25 reverse split, meaning for each 25 shares of MULN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 40 share position following the split. MULN's second split took place on December 21, 2023. This was a 1 for 100 reverse split, meaning for each 100 shares of MULN owned pre-split, the shareholder now owned 1 share. For example, a 40 share position pre-split, became a 0.4 share position following the split.
When a company such as Mullen Automotive 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 MULN split history from start to finish, an original position size of 1000 shares would have turned into 0.4 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Mullen Automotive shares, starting with a $10,000 purchase of MULN, presented on a split-history-adjusted basis factoring in the complete MULN split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/30/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$5,575.00 |
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End price/share: |
$3.16 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.94% |
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Average Annual Total Return: |
-52.66% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$5.66 |
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Years: |
10.00 |
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Date |
Ratio |
05/04/2023 | 1 for 25 | 12/21/2023 | 1 for 100 |
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