|
Video: What is a Stock Split?
|
|
Tuesday Morning is an off-price retailer. Co.'s primary merchandise categories are home textiles, home furnishings, housewares, gourmet food, pet supplies, bath and body products, toys and seasonal decor. Co. buys its inventory from a variety of sources including direct from manufacturer, through closeout sellers and occasionally other retailers. Co.'s stores operate in both primary and secondary locations. According to our TUEM split history records, TUEM has had 1 split. | |
|
TUEM (TUEM) has 1 split in our TUEM split history database. The split for TUEM took place on December 01, 2022. This was a 1 for 30 reverse split, meaning for each 30 shares of TUEM owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 33.3333333333333 share position following the split.
When a company such as TUEM 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 TUEM split history from start to finish, an original position size of 1000 shares would have turned into 33.3333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TUEM shares, starting with a $10,000 purchase of TUEM, presented on a split-history-adjusted basis factoring in the complete TUEM split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
01/14/2021 |
|
End date: |
01/17/2023 |
|
Start price/share: |
$46.50 |
|
End price/share: |
$0.57 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-98.77% |
|
Average Annual Total Return: |
-88.83% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$122.54 |
|
Years: |
2.01 |
|
|
|
Date |
Ratio |
12/01/2022 | 1 for 30 |
|
|