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Video: What is a Stock Split?
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Hut 8 Mining is a capital pool company. Co. is engaged in the identification and evaluation of assets or businesses with a view to potential acquisition or participation by completing a Qualifying Transaction as defined in Exchange Policy 2.4 subject, in certain cases, to shareholder approval and acceptance by the Exchange. According to our Hut 8 Mining Corphares stock split history records, Hut 8 Mining Corphares has had 1 split. | |
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Hut 8 Mining Corphares (HUT) has 1 split in our Hut 8 Mining Corphares stock split history database. The split for HUT took place on December 04, 2023. This was a 1 for 5 reverse split, meaning for each 5 shares of HUT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as Hut 8 Mining Corphares 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 Hut 8 Mining Corphares stock split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Hut 8 Mining Corphares shares, starting with a $10,000 purchase of HUT, presented on a split-history-adjusted basis factoring in the complete Hut 8 Mining Corphares stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/06/2021 |
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End date: |
05/03/2024 |
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Start price/share: |
$15.40 |
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End price/share: |
$8.27 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-46.30% |
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Average Annual Total Return: |
-17.08% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$5,369.13 |
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Years: |
3.32 |
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Date |
Ratio |
12/04/2023 | 1 for 5 |
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