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Video: What is a Stock Split?
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CareMax is a technology-enabled care platform providing value-based care and chronic disease management to seniors. Co. operates medical centers that provides a suite of healthcare and social services to its patients, including primary care, specialty care, telemedicine, health and wellness, optometry, dental, pharmacy and transportation; and a proprietary software and services platform that provides data, analytics, and rules-based decision tools/workflows for physicians. Co. also provides services to children and adults through Medicaid programs as well as through commercial insurance plans. According to our CareMax stock split history records, CareMax has had 1 split. | |
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CareMax (CMAX) has 1 split in our CareMax stock split history database. The split for CMAX took place on February 01, 2024. This was a 1 for 30 reverse split, meaning for each 30 shares of CMAX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 33.3333333333333 share position following the split.
When a company such as CareMax 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 CareMax stock split history from start to finish, an original position size of 1000 shares would have turned into 33.3333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CareMax shares, starting with a $10,000 purchase of CMAX, presented on a split-history-adjusted basis factoring in the complete CareMax stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
09/22/2020 |
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End date: |
04/24/2024 |
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Start price/share: |
$303.90 |
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End price/share: |
$3.26 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.93% |
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Average Annual Total Return: |
-71.74% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$107.21 |
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Years: |
3.59 |
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Date |
Ratio |
02/01/2024 | 1 for 30 |
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