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Video: What is a Stock Split?
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Skillz operates a marketplace that connects the world, serving both developers and users. Co.'s platform enables gaming experiences. Co.'s technology capabilities provide the tools necessary for developers to compete with the mobile game developers in the world. Co.'s software development kit and developer console allow its developers to monitor, integrate and update their games over the air. Co. ingests and analyzes data points from each game play session, improving its data-driven algorithms and LiveOps systems. Moreover, Co. has developed a platform enabling gameplay. Co.'s algorithms and machine learning technologies augment all sides of its platform. According to our SKLZ split history records, Skillz has had 1 split. | |
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Skillz (SKLZ) has 1 split in our SKLZ split history database. The split for SKLZ took place on June 26, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of SKLZ owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.
When a company such as Skillz 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 SKLZ split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Skillz shares, starting with a $10,000 purchase of SKLZ, presented on a split-history-adjusted basis factoring in the complete SKLZ split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/28/2020 |
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End date: |
04/25/2024 |
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Start price/share: |
$198.00 |
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End price/share: |
$6.23 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-96.85% |
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Average Annual Total Return: |
-57.93% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$314.74 |
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Years: |
3.99 |
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Date |
Ratio |
06/26/2023 | 1 for 20 |
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