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Video: What is a Stock Split?
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A real estate merchant banking firm to acquires develops finances and operates real properties and invest in private and public real estate companies. According to our WRP split history records, WRP has had 1 split. | |
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WRP (WRP) has 1 split in our WRP split history database. The split for WRP took place on June 12, 2000. This was a 1 for 2
reverse split, meaning for each 2
shares of WRP owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split.
When a company such as WRP 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 WRP split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into WRP shares, starting with a $10,000 purchase of WRP, presented on a split-history-adjusted basis factoring in the complete WRP split history.
WRP -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
06/12/2000 | 1 for 2
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