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Video: What is a Stock Split?
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Luokung Technology is a provider of location-based services and mobile application products for long distance travelers in China. Co.'s primary mobile application, the Luokuang platform, consists of the Luokuang mobile applications, a series of supporting software at the server end, and rail-Wi-Fi hardware and equipment on the trains that it serves. The Luokuang platform serves as a content and service distribution platform that is tailored for particular travel stages featuring geographic location and social interactions. The content and services distributed by Luokuang contain information, entertainment, travel, e-commerce, online to offline, advertisement and other marketing features. According to our Luokung Technology stock split history records, Luokung Technology has had 1 split. | |
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Luokung Technology (LKCO) has 1 split in our Luokung Technology stock split history database. The split for LKCO took place on March 22, 2023. This was a 1 for 30 reverse split, meaning for each 30 shares of LKCO owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 33.3333333333333 share position following the split.
When a company such as Luokung Technology 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 Luokung Technology stock split history from start to finish, an original position size of 1000 shares would have turned into 33.3333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Luokung Technology shares, starting with a $10,000 purchase of LKCO, presented on a split-history-adjusted basis factoring in the complete Luokung Technology stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/15/2019 |
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End date: |
04/26/2024 |
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Start price/share: |
$366.00 |
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End price/share: |
$0.48 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.87% |
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Average Annual Total Return: |
-71.50% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$13.24 |
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Years: |
5.28 |
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Date |
Ratio |
03/22/2023 | 1 for 30 |
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