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Video: What is a Stock Split?
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Reebonz Holding is a platform to buy and sell goods. Co. makes products accessible to consumers through its internet platform, which includes localized versions of its website, www.reebonz.com, and its Reebonz mobile app, complemented by its offline channels. Through Co.'s core B2C Merchandise Business, Co. curates and sells authentic new and preowned goods, including handbags, small leather goods and other accessories, shoes, watches, and jewelry from several brands. Co. also provides a marketplace for individuals to sell new and pre-owned goods. Co. provides buyers and sellers an omni-channel experience to buy and sell goods via its integrated websites, mobile app and offline channels. According to our RBZ split history records, RBZ has had 1 split. | |
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RBZ (RBZ) has 1 split in our RBZ split history database. The split for RBZ took place on March 15, 2019. This was a 1 for 8 reverse split, meaning for each 8 shares of RBZ owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split.
When a company such as RBZ 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 RBZ split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into RBZ shares, starting with a $10,000 purchase of RBZ, presented on a split-history-adjusted basis factoring in the complete RBZ split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
10/13/2017 |
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End date: |
04/29/2020 |
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Start price/share: |
$77.84 |
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End price/share: |
$0.48 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.38% |
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Average Annual Total Return: |
-86.46% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$61.63 |
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Years: |
2.55 |
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Date |
Ratio |
03/15/2019 | 1 for 8 |
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