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Video: What is a Stock Split?
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Alkaline Water provides retail consumers bottled alkaline water in various sizes, all of which is produced through an electrolysis process that uses electronic cells coated with a variety of earth minerals to produce 8.8 pH drinking water. With its electrolysis process, Alkaline88® delivers 8.8 pH balanced alkaline drinking water with trace minerals and electrolytes and its trademarked label Clean Beverage. Co.'s bottled alkaline water product is available in all states, the District of Columbia, the Caribbean and in Mexico and Canada. Co.'s line of Alkaline88® bottled water products and sports drinks are available for purchase at www.alkaline88.com and www.thealkalinewaterco.com. According to our WTER split history records, Water Chef has had 1 split. | |
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Water Chef (WTER) has 1 split in our WTER split history database. The split for WTER took place on April 05, 2023. This was a 1 for 15 reverse split, meaning for each 15 shares of WTER owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split.
When a company such as Water Chef 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 WTER split history from start to finish, an original position size of 1000 shares would have turned into 66.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Water Chef shares, starting with a $10,000 purchase of WTER, presented on a split-history-adjusted basis factoring in the complete WTER split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/30/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$2.10 |
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End price/share: |
$0.00 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.90% |
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Average Annual Total Return: |
-50.13% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$9.53 |
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Years: |
10.00 |
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Date |
Ratio |
04/05/2023 | 1 for 15 |
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