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Video: What is a Stock Split?
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Planet Green Holdings engages in the business of growing, developing, manufacturing, and marketing foods, spices, convenience foods and tea products through its subsidiaries and variable interest entities in China. Co. grows herbs and spices on a farmland in Guangdong Province, China. Co. sells sauces and other products developed from these herbs and spices. Customers use these products for seasoning, refining of foods and odor elimination, among other uses. Co. also provides a variety of food and beverage products, including packaged sauce, tea and brown rice syrup, to consumers and foodservice businesses. According to our PLAG split history records, Planet Green Holdings has had 1 split. | |
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Planet Green Holdings (PLAG) has 1 split in our PLAG split history database. The split for PLAG took place on October 01, 2018. This was a 1 for 25 reverse split, meaning for each 25 shares of PLAG 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.
When a company such as Planet Green Holdings 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 PLAG split history from start to finish, an original position size of 1000 shares would have turned into 40 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Planet Green Holdings shares, starting with a $10,000 purchase of PLAG, presented on a split-history-adjusted basis factoring in the complete PLAG split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
04/18/2024 |
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Start price/share: |
$26.50 |
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End price/share: |
$0.20 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.25% |
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Average Annual Total Return: |
-38.66% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$75.51 |
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Years: |
10.00 |
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Date |
Ratio |
10/01/2018 | 1 for 25 |
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