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Video: What is a Stock Split?
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Farfetch is a holding company. Through its subsidiaries, Co. is a global platform for the fashion industry. Co.'s businesses include: The Farfetch Marketplace; Farfetch Platform Solutions; Farfetch Future Retail; Browns; and New Guards. Co. has three reportable segments: Digital Platform, which includes direct-to-consumer sales of owned product, referred to as first-party sales; Brand Platform, which is comprised of production and wholesale distribution of brands owned and licensed by New Guards, and includes franchised store operations; and In-Store, which covers the activities Co. operates, including Browns, Stadium Goods and certain brands in the New Guards portfolio. According to our FTCH stock split history records, FTCH has had 1 split. | |
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FTCH (FTCH) has 1 split in our FTCH stock split history database. The split for FTCH took place on January 17, 2001. This was a 1 for 6 reverse split, meaning for each 6 shares of FTCH owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 166.666666666667 share position following the split.
When a company such as FTCH 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 FTCH stock split history from start to finish, an original position size of 1000 shares would have turned into 166.666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FTCH shares, starting with a $10,000 purchase of FTCH, presented on a split-history-adjusted basis factoring in the complete FTCH stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
09/24/2018 |
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End date: |
12/19/2023 |
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Start price/share: |
$30.25 |
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End price/share: |
$0.64 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-97.88% |
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Average Annual Total Return: |
-52.10% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$211.58 |
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Years: |
5.24 |
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Date |
Ratio |
01/17/2001 | 1 for 6 |
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