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Video: What is a Stock Split?
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JMU is a holding company. Through its subsidiaries, Co. operates an online platform for providing business-to-business services to food-industry suppliers and customers in the People's Republic of China. Co. provides a selection of products through its website www.ccjoin.com and its mobile applications. Co. also provides payment options and customer services. In addition to its online services, Co. hosts offline auction events to suppliers and customers. Co.'s offerings are organized into various product categories on its website which include food ingredients, seasonings, alcoholic and non-alcoholic drinks, hotel appliances, tableware, kitchen appliances, office appliances, and furniture. According to our JMU stock split history records, JMU has had 1 split. | |
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JMU (JMU) has 1 split in our JMU stock split history database. The split for JMU took place on July 31, 2018. This was a 1 for 10 reverse split, meaning for each 10 shares of JMU owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as JMU 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 JMU stock split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into JMU shares, starting with a $10,000 purchase of JMU, presented on a split-history-adjusted basis factoring in the complete JMU stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/09/2015 |
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End date: |
02/11/2020 |
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Start price/share: |
$105.00 |
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End price/share: |
$0.85 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.19% |
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Average Annual Total Return: |
-62.98% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$80.98 |
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Years: |
4.85 |
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Date |
Ratio |
07/31/2018 | 1 for 10 |
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