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Video: What is a Stock Split?
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ATI Physical Therapy is a newly incorporated 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 ATI Physical Therapy stock split history records, ATI Physical Therapy has had 1 split. | |
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ATI Physical Therapy (ATIP) has 1 split in our ATI Physical Therapy stock split history database. The split for ATIP took place on June 15, 2023. This was a 1 for 50 reverse split, meaning for each 50 shares of ATIP owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 20 share position following the split.
When a company such as ATI Physical Therapy 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 ATI Physical Therapy stock split history from start to finish, an original position size of 1000 shares would have turned into 20 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ATI Physical Therapy shares, starting with a $10,000 purchase of ATIP, presented on a split-history-adjusted basis factoring in the complete ATI Physical Therapy stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
10/05/2020 |
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End date: |
04/17/2024 |
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Start price/share: |
$494.50 |
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End price/share: |
$4.17 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.16% |
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Average Annual Total Return: |
-74.11% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$84.31 |
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Years: |
3.53 |
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Date |
Ratio |
06/15/2023 | 1 for 50 |
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