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Video: What is a Stock Split?
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BlackBoxStocks is in the business of developing and marketing web and mobile based analytical software tools as a subscription based software as a service (the Blackbox System) that serves as tool for stock and option traders to evaluate prospective investments on various securities exchanges and markets. Co.'s proprietary Blackbox System technology is an algorithm driven system that works in real time, measuring market trends and data while utilizing a multitude of specific criteria, both live and historical. The Blackbox System was initially designed to monitor and analyze stocks on the OTC Markets Group, Inc., New York Stock Exchange (NYSE), the NYSE American and NASDAQ markets. According to our BlackBoxStocks stock split history records, BlackBoxStocks has had 1 split. | |
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BlackBoxStocks (BLBX) has 1 split in our BlackBoxStocks stock split history database. The split for BLBX took place on April 11, 2023. This was a 1 for 4 reverse split, meaning for each 4 shares of BLBX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.
When a company such as BlackBoxStocks 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 BlackBoxStocks stock split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BlackBoxStocks shares, starting with a $10,000 purchase of BLBX, presented on a split-history-adjusted basis factoring in the complete BlackBoxStocks stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
08/02/2016 |
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End date: |
05/02/2024 |
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Start price/share: |
$12.60 |
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End price/share: |
$2.78 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-77.94% |
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Average Annual Total Return: |
-17.71% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$2,206.23 |
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Years: |
7.75 |
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Date |
Ratio |
04/11/2023 | 1 for 4 |
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