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Video: What is a Stock Split?
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Galileo Acquisition is a blank check company. According to our SHPW split history records, Shapeways Holdings has had 1 split. | |
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Shapeways Holdings (SHPW) has 1 split in our SHPW split history database. The split for SHPW took place on June 23, 2023. This was a 1 for 8 reverse split, meaning for each 8 shares of SHPW 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 Shapeways 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 SHPW 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 Shapeways Holdings shares, starting with a $10,000 purchase of SHPW, presented on a split-history-adjusted basis factoring in the complete SHPW split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/15/2019 |
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End date: |
05/06/2024 |
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Start price/share: |
$77.44 |
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End price/share: |
$1.53 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.02% |
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Average Annual Total Return: |
-58.40% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$197.62 |
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Years: |
4.47 |
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Date |
Ratio |
06/23/2023 | 1 for 8 |
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