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Video: What is a Stock Split?
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Cano Health is a holding company. Through its subsidiaries, Co. provides medical care for its members through a network of primary care physicians across the U.S. and Puerto Rico. Co. focuses on population health and wellness services to Medicare Advantage, Medicare Global and Professional Direct Contracting, Medicare patients under Accountable Care Organizations and Medicaid capitated members, particularly in underserved communities by utilizing a technology platform to deliver health care services. Co. also operates pharmacies in the network for the purpose of providing a range of managed care services to its members. According to our Cano Health Inc Class A stock split history records, Cano Health Inc Class A has had 1 split. | |
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Cano Health Inc Class A (CANO) has 1 split in our Cano Health Inc Class A stock split history database. The split for CANO took place on November 03, 2023. This was a 1 for 100 reverse split, meaning for each 100 shares of CANO owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 10 share position following the split.
When a company such as Cano Health Inc Class A 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 Cano Health Inc Class A stock split history from start to finish, an original position size of 1000 shares would have turned into 10 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cano Health Inc Class A shares, starting with a $10,000 purchase of CANO, presented on a split-history-adjusted basis factoring in the complete Cano Health Inc Class A stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
07/06/2020 |
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End date: |
02/05/2024 |
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Start price/share: |
$1,020.00 |
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End price/share: |
$2.30 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.77% |
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Average Annual Total Return: |
-81.72% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$22.55 |
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Years: |
3.59 |
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Date |
Ratio |
11/03/2023 | 1 for 100 |
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