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Video: What is a Stock Split?
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Jianpu Technology is a holding company. Through its subsidiaries and variable interest entities, Co. is engaged in the operation of its platform for providing online discovery and recommendation services of financial products. The individual users can have access to financial products through the platform, including loans, credit cards, insurance products and other financial products. Co. recommends loans and credit cards to individual users and assists the financial service providers in targeting users with specific characteristics based on the users' financial needs and credit profile, as well as the products offerings and risk appetite of the financial service providers. According to our JT stock split history records, JT has had 1 split. | |
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JT (JT) has 1 split in our JT stock split history database. The split for JT took place on October 30, 2020. This was a 1 for 8 reverse split, meaning for each 8 shares of JT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split.
When a company such as JT 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 JT stock split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into JT shares, starting with a $10,000 purchase of JT, presented on a split-history-adjusted basis factoring in the complete JT stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/17/2017 |
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End date: |
02/20/2024 |
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Start price/share: |
$57.60 |
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End price/share: |
$0.78 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.65% |
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Average Annual Total Return: |
-49.69% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$135.35 |
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Years: |
6.26 |
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Date |
Ratio |
10/30/2020 | 1 for 8 |
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