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Video: What is a Stock Split?
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Offerpad Solutions Inc. operates as a real estate development company. Co., together with its subsidiaries, engages in buying, selling, renting, and renovating properties to homeowners in the US. Co. operates iBuying, a real estate solutions platform for on-demand customer. Co.'s platform enables customers to sell and buy homes online with streamlined access to ancillary services, such as mortgage and title insurance services. According to our Offerpad Solutions stock split history records, Offerpad Solutions has had 1 split. | |
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Offerpad Solutions (OPAD) has 1 split in our Offerpad Solutions stock split history database. The split for OPAD took place on June 13, 2023. This was a 1 for 15 reverse split, meaning for each 15 shares of OPAD 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 Offerpad Solutions 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 Offerpad Solutions 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 Offerpad Solutions shares, starting with a $10,000 purchase of OPAD, presented on a split-history-adjusted basis factoring in the complete Offerpad Solutions stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
12/11/2020 |
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End date: |
04/22/2024 |
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Start price/share: |
$152.70 |
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End price/share: |
$7.44 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-95.13% |
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Average Annual Total Return: |
-59.30% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$487.07 |
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Years: |
3.36 |
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Date |
Ratio |
06/13/2023 | 1 for 15 |
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