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Video: What is a Stock Split?
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China Finance Online Co. is a web-based financial services company that provides investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers. In addition, Co. provides basic financial software, information services, and securities investment advisory services to retail investors in China. Through its subsidiary, Shenzhen Genius Information Technology Co. Ltd., Co. provides financial database and analytics to institutional customers including domestic financial, research, academic and regulatory institutions. According to our JRJC stock split history records, JRJC has had 1 split. | |
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JRJC (JRJC) has 1 split in our JRJC stock split history database. The split for JRJC took place on January 06, 2020. This was a 1 for 10 reverse split, meaning for each 10 shares of JRJC 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 JRJC 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 JRJC 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 JRJC shares, starting with a $10,000 purchase of JRJC, presented on a split-history-adjusted basis factoring in the complete JRJC stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/28/2014 |
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End date: |
01/21/2022 |
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Start price/share: |
$36.40 |
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End price/share: |
$3.99 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-89.04% |
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Average Annual Total Return: |
-24.85% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$1,095.78 |
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Years: |
7.74 |
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Date |
Ratio |
01/06/2020 | 1 for 10 |
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