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Video: What is a Stock Split?
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Yingli Green Energy Holding is engaged in the design, development, marketing, manufacture, installation and sale of photovoltaic ("PV") products in the People's Republic of China and overseas markets. Co. is a solar panel manufacturers, and its manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and solar panel assembly. Co.'s products and services cover the entire PV industry value chain, ranging from crystalline polysilicon ingots and wafers, PV cells and PV modules to the manufacture and installation of PV systems, to the development and operation of solar projects. According to our YGE split history records, YGE has had 1 split. | |
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YGE (YGE) has 1 split in our YGE split history database. The split for YGE took place on December 28, 2015. This was a 1 for 10 reverse split, meaning for each 10 shares of YGE owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as YGE 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 YGE split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into YGE shares, starting with a $10,000 purchase of YGE, presented on a split-history-adjusted basis factoring in the complete YGE split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/28/2014 |
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End date: |
06/29/2018 |
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Start price/share: |
$35.00 |
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End price/share: |
$1.43 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-95.91% |
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Average Annual Total Return: |
-53.53% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$408.55 |
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Years: |
4.17 |
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Date |
Ratio |
12/28/2015 | 1 for 10 |
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