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Video: What is a Stock Split?
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Sunlight Financial Holdings is a holding company. Through its subsidiary, Sunlight Financial LLC, Co. operates as a business-to-business-to-consumer, technology-enabled point-of-sale (POS) financing platform that provides residential solar and home improvement contractors the ability to provide POS financing to their customers when purchasing residential solar systems or other home improvements. The resulting loans are funded by Co.'s capital providers. These loans are facilitated by Co.'s proprietary technology platform, through which Co. provides credit decisions to homeowners at the POS on behalf of Co.'s capital providers. According to our SUNL split history records, SUNL has had 1 split. | |
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SUNL (SUNL) has 1 split in our SUNL split history database. The split for SUNL took place on August 23, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of SUNL 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 SUNL 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 SUNL 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 SUNL shares, starting with a $10,000 purchase of SUNL, presented on a split-history-adjusted basis factoring in the complete SUNL split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/19/2021 |
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End date: |
10/04/2023 |
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Start price/share: |
$222.00 |
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End price/share: |
$0.50 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.77% |
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Average Annual Total Return: |
-89.51% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$22.49 |
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Years: |
2.70 |
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Date |
Ratio |
08/23/2023 | 1 for 20 |
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