|
Video: What is a Stock Split?
|
|
Silver Spike Acquisition is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. According to our WM Technology stock split history records, WM Technology has had 2 splits. | |
|
WM Technology (MAPS) has 2 splits in our WM Technology stock split history database. The first split for MAPS took place on January 11, 2000. This was a 3 for 2
split, meaning for each 2
shares of MAPS owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. MAPS's second split took place on September 29, 2000. This was a 3 for 2 split, meaning for each 2 shares of MAPS owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split.
When a company such as WM Technology splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the WM Technology stock split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into WM Technology shares, starting with a $10,000 purchase of MAPS, presented on a split-history-adjusted basis factoring in the complete WM Technology stock split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
10/02/2019 |
|
End date: |
04/25/2024 |
|
Start price/share: |
$9.81 |
|
End price/share: |
$1.08 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-88.99% |
|
Average Annual Total Return: |
-38.31% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$1,101.25 |
|
Years: |
4.57 |
|
|
|
Date |
Ratio |
01/11/2000 | 3 for 2
| 09/29/2000 | 3 for 2 |
|
|