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Video: What is a Stock Split?
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GeneDx Holdings is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. According to our WGS split history records, GeneDx Holdings has had 1 split. | |
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GeneDx Holdings (WGS) has 1 split in our WGS split history database. The split for WGS took place on May 04, 2023. This was a 1 for 33 reverse split, meaning for each 33 shares of WGS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 30.3030303030303 share position following the split.
When a company such as GeneDx Holdings 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 WGS split history from start to finish, an original position size of 1000 shares would have turned into 30.3030303030303 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GeneDx Holdings shares, starting with a $10,000 purchase of WGS, presented on a split-history-adjusted basis factoring in the complete WGS split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/05/2020 |
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End date: |
04/26/2024 |
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Start price/share: |
$323.40 |
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End price/share: |
$11.08 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-96.57% |
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Average Annual Total Return: |
-62.16% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$342.74 |
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Years: |
3.47 |
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Date |
Ratio |
05/04/2023 | 1 for 33 |
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