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Video: What is a Stock Split?
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Kaixin Auto Holdings is a holding company. Through its subsidiaries, Co. is a used auto dealership group in People's Republic of China (China). Co. provides used car buyers in China with access to a selection of used vehicles across its network of dealerships, such as Audi, BMW, Mercedes-Benz, Land Rover and Porsche. In addition to auto sales, Co. provides financing channels to customers and other in-network dealers through its partnerships with financial institutions. According to our Kaixin Holdings stock split history records, Kaixin Holdings has had 1 split. | |
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Kaixin Holdings (KXIN) has 1 split in our Kaixin Holdings stock split history database. The split for KXIN took place on September 15, 2023. This was a 1 for 15 reverse split, meaning for each 15 shares of KXIN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split.
When a company such as Kaixin Holdings 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 Kaixin Holdings stock split history from start to finish, an original position size of 1000 shares would have turned into 66.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Kaixin Holdings shares, starting with a $10,000 purchase of KXIN, presented on a split-history-adjusted basis factoring in the complete Kaixin Holdings stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/07/2017 |
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End date: |
04/23/2024 |
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Start price/share: |
$144.45 |
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End price/share: |
$0.13 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.91% |
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Average Annual Total Return: |
-66.39% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$8.73 |
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Years: |
6.46 |
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Date |
Ratio |
09/15/2023 | 1 for 15 |
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