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Video: What is a Stock Split?
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Inter & Co. is a digital platform, providing a digital banking mobile application. Co.'s digital ecosystem, Super-App, focuses on: Banking, which provides a fully-digital account that allow customers to pay bills, spend on and offline, transfer cash, amongst other features; Credit, which include real estate, SME, payroll, and credit card; E-commerce & on-demand services platform, which brings a set of products and on-demand services to its customers; Investments, which provide an open marketplace for investments; Insurance brokerage, which enables its customers to purchase protection from unexpected events; and Cross-border services, which proposes to create a global mobile application. According to our Inter & CO Inc - Class Ahares stock split history records, Inter & CO Inc - Class Ahares has had 1 split. | |
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Inter & CO Inc - Class Ahares (INTR) has 1 split in our Inter & CO Inc - Class Ahares stock split history database. The split for INTR took place on July 20, 1998. This was a 1 for 6
reverse split, meaning for each 6
shares of INTR 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 Inter & CO Inc - Class Ahares 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 Inter & CO Inc - Class Ahares 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 Inter & CO Inc - Class Ahares shares, starting with a $10,000 purchase of INTR, presented on a split-history-adjusted basis factoring in the complete Inter & CO Inc - Class Ahares stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
06/24/2022 |
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End date: |
05/03/2024 |
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Start price/share: |
$3.39 |
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End price/share: |
$5.47 |
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Starting shares: |
2,949.85 |
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Ending shares: |
2,967.20 |
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Dividends reinvested/share: |
$0.03 |
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Total return: |
62.31% |
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Average Annual Total Return: |
29.74% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$16,231.12 |
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Years: |
1.86 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
06/24/2022 |
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End date: |
05/03/2024 |
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Start price/share: |
$3.39 |
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End price/share: |
$5.47 |
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Dividends collected/share: |
$0.03 |
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Total return: |
62.24% |
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Average Annual Total Return: |
29.71% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$16,224.14 |
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Years: |
1.86 |
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Date |
Ratio |
07/20/1998 | 1 for 6
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