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Video: What is a Stock Split?
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Wheels Up is a provider of private aviation. Co. provides solutions that connect consumers to safety-vetted and verified private aircraft. Co.'s offerings consist of a suite of products and services, including membership programs, flights across various private aircraft cabin categories, aircraft management, retail and wholesale charter, whole aircraft acquisitions and sales, corporate flight solutions, special missions, signature events, and commercial travel benefits through its partnership with Delta Air Lines, Inc. Co.'s platform provides a solution for market participants, from aircraft owners and operators to individual and corporate flyers across a range of flight needs. According to our UP split history records, Wheels Up Experience has had 1 split. | |
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Wheels Up Experience (UP) has 1 split in our UP split history database. The split for UP took place on June 08, 2023. This was a 1 for 10 reverse split, meaning for each 10 shares of UP owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Wheels Up Experience 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 UP split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Wheels Up Experience shares, starting with a $10,000 purchase of UP, presented on a split-history-adjusted basis factoring in the complete UP split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/19/2020 |
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End date: |
04/26/2024 |
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Start price/share: |
$99.20 |
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End price/share: |
$2.30 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-97.68% |
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Average Annual Total Return: |
-66.60% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$231.78 |
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Years: |
3.43 |
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Date |
Ratio |
06/08/2023 | 1 for 10 |
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