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Video: What is a Stock Split?
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Verb Technology is a Software-as-a-Service (SaaS) applications platform developer. Co.'s SaaS platform for the direct sales industry is comprised of a suite of interactive video-based sales enablement business software products marketed on a subscription basis. Co.'s products include: verbCRM, which allows users to create, distribute, and post videos to which they can add a choice of on-screen clickable icons that, when clicked, allow viewers to respond to the user's call-to-action in real-time, in the video, while the video is playing, without leaving or stopping the video; and verbLIVE, which is a live stream platform that allows sales reps to utilize a variety of sales-driving features. According to our VERB split history records, Verb Technology has had 1 split. | |
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Verb Technology (VERB) has 1 split in our VERB split history database. The split for VERB took place on April 19, 2023. This was a 1 for 40 reverse split, meaning for each 40 shares of VERB owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 25 share position following the split.
When a company such as Verb Technology 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 VERB split history from start to finish, an original position size of 1000 shares would have turned into 25 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Verb Technology shares, starting with a $10,000 purchase of VERB, presented on a split-history-adjusted basis factoring in the complete VERB split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/24/2014 |
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End date: |
04/18/2024 |
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Start price/share: |
$60.00 |
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End price/share: |
$0.18 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.71% |
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Average Annual Total Return: |
-46.22% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$29.32 |
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Years: |
9.40 |
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Date |
Ratio |
04/19/2023 | 1 for 40 |
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