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Video: What is a Stock Split?
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Cloopen Group Holding is a holding company. Through its subsidiaries, Co. is a cloud-based communications solution provider in People's Republic of China offering a suite of cloud-based communications solutions, covering communications platform as a service, or CPaaS, cloud-based contact centers, or cloud-based CC, and cloud-based unified communications and collaborations, or cloud-based unified communications and collaboration (UC&C ). Co.'s CPaaS solutions includes voice modules, messaging modules, and IoT related services. Co.'s cloud-based CC solutions include RongCC and 7moor Cloud. Co.'s cloud-based UC&C solutions consist of RongVideo as applied in a variety of settings and use cases. According to our RAAS stock split history records, RAAS has had 1 split. | |
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RAAS (RAAS) has 1 split in our RAAS stock split history database. The split for RAAS took place on March 15, 2023. This was a 1 for 3 reverse split, meaning for each 3 shares of RAAS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split.
When a company such as RAAS 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 RAAS stock split history from start to finish, an original position size of 1000 shares would have turned into 333.333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into RAAS shares, starting with a $10,000 purchase of RAAS, presented on a split-history-adjusted basis factoring in the complete RAAS stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/10/2021 |
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End date: |
05/17/2023 |
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Start price/share: |
$93.00 |
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End price/share: |
$1.13 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.78% |
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Average Annual Total Return: |
-85.79% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$121.52 |
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Years: |
2.26 |
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Date |
Ratio |
03/15/2023 | 1 for 3 |
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