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Video: What is a Stock Split?
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Thoughtworks Holding is a holding company. Through its subsidiaries, Co. develops, implements, and services enterprise application software, provides business technology consulting. Co. conducts business in Australia, Brazil, Canada, Chile, China, Ecuador, Finland, Germany, Hong Kong, India, Italy, the Netherlands, Romania, Singapore, Spain, Thailand, the U.K. and the U.S. Co. provides premium, end-to-end digital strategy, design and engineering services. Co.'s four global service lines include: Enterprise Modernization, Platforms and Cloud; Customer Experience, Product and Design; Data and Artificial Intelligence; and Digital Transformation and Operations. According to our TWKS split history records, Thoughtworks Holding has had 1 split. | |
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Thoughtworks Holding (TWKS) has 1 split in our TWKS split history database. The split for TWKS took place on September 07, 2005. This was a 1 for 3 reverse split, meaning for each 3 shares of TWKS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split.
When a company such as Thoughtworks Holding 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 TWKS split history from start to finish, an original position size of 1000 shares would have turned into 333.333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Thoughtworks Holding shares, starting with a $10,000 purchase of TWKS, presented on a split-history-adjusted basis factoring in the complete TWKS split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
09/16/2021 |
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End date: |
03/27/2024 |
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Start price/share: |
$31.46 |
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End price/share: |
$2.53 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-91.96% |
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Average Annual Total Return: |
-63.09% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$804.28 |
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Years: |
2.53 |
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Date |
Ratio |
09/07/2005 | 1 for 3 |
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