 |
Video: What is a Stock Split?
|
 |
Roadrunner Transportation Systems is an asset-right transportation and asset-light logistics service provider providing a suite of solutions under the Roadrunner, Active On-Demand and Ascent Global Logistics brands. Co. has three segments: Truckload and Express Services, which provides air and ground expedite services, scheduled truckload services, intermodal services, temperature-controlled truckload services, and other truckload and logistics services; Less-than-Truckload (LTL), which involves the pickup, consolidation, linehaul, deconsolidation, and delivery of LTL shipments; and Ascent Global Logistics, which provides domestic freight management solutions. According to our RRTS split history records, RRTS has had 1 split. | |
 |

RRTS (RRTS) has 1 split in our RRTS split history database. The split for RRTS took place on April 05, 2019. This was a 1 for 25 reverse split, meaning for each 25 shares of RRTS 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 RRTS 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 RRTS 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 RRTS shares, starting with a $10,000 purchase of RRTS, presented on a split-history-adjusted basis factoring in the complete RRTS split history.

Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
02/17/2015 |
|
End date: |
02/12/2025 |
|
Start price/share: |
$625.25 |
|
End price/share: |
$4.47 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-99.29% |
|
Average Annual Total Return: |
-39.00% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$71.53 |
|
Years: |
9.99 |
|
|
 |
Date |
Ratio |
04/05/2019 | 1 for 25 |
|
 |