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Video: What is a Stock Split?
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Ontrak is an artificial intelligence and telehealth-enabled healthcare company. Co.'s technology-enabled platform provides claim-based analytics and predictive modeling. Co.'s integrated, technology-enabled Ontrak programs are designed to provide healthcare solutions to members with behavioral conditions that cause chronic medical conditions such as diabetes, hypertension, coronary artery disease, chronic obstructive pulmonary disease, and congestive heart failure, which result in high medical costs. Co.'s solutions include identifying, engaging and treating these members through its technology enabled program that focuses between behavioral health, physical health and social health. According to our OTRK split history records, Ontrak has had 1 split. | |
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Ontrak (OTRK) has 1 split in our OTRK split history database. The split for OTRK took place on July 28, 2023. This was a 1 for 6 reverse split, meaning for each 6 shares of OTRK 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.
When a company such as Ontrak 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 OTRK split history from start to finish, an original position size of 1000 shares would have turned into 166.666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Ontrak shares, starting with a $10,000 purchase of OTRK, presented on a split-history-adjusted basis factoring in the complete OTRK 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: |
$7.32 |
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End price/share: |
$0.29 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-96.04% |
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Average Annual Total Return: |
-27.60% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$396.07 |
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Years: |
10.00 |
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Date |
Ratio |
07/28/2023 | 1 for 6 |
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