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Video: What is a Stock Split?
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WeWork is engaged in workspace provider, serving a membership base of businesses through its network of several locations. Co. provides its members the option to choose from a dedicated desk, a private office or a customized floor with the flexibility to choose the type of membership that works for them on a monthly subscription basis. Co.'s Product Offerings include main space-as-a-service offering, which provides business and technical service solutions; WeWork All Access, which is a monthly subscription-based model that provides members with access to participating WeWork locations; and WeWork Workplace, which is workspace management software solution for enterprises and operators. According to our WE split history records, Wework Inc Class A has had 1 split. | |
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Wework Inc Class A (WE) has 1 split in our WE split history database. The split for WE took place on September 05, 2023. This was a 1 for 40 reverse split, meaning for each 40 shares of WE 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 Wework Inc Class A 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 WE 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 Wework Inc Class A shares, starting with a $10,000 purchase of WE, presented on a split-history-adjusted basis factoring in the complete WE split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
10/22/2021 |
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End date: |
11/07/2023 |
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Start price/share: |
$520.80 |
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End price/share: |
$0.84 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.84% |
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Average Annual Total Return: |
-95.71% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$16.03 |
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Years: |
2.04 |
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Date |
Ratio |
09/05/2023 | 1 for 40 |
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