|
Video: What is a Stock Split?
|
|
Recon Technology is a holding company. Through its subsidiaries, Co. provides hardware, software, and on-site services to companies primarily in the petroleum mining and extraction industry in China. Co. provides services designed to automate and improve the extraction of petroleum. Co. serves as the center of strategic management, financial control and human resources allocation for the Beijing BHD Petroleum Technology Co., Ltd. and Nanjing Recon Technology Co., Ltd. Co. provides equipment, tools and other hardware related to oilfield production and management and develops and sells Co.'s own industrial automation control and information solutions. According to our Recon Technology stock split history records, Recon Technology has had 1 split. | |
|
Recon Technology (RCON) has 1 split in our Recon Technology stock split history database. The split for RCON took place on May 01, 2024. This was a 1 for 18 reverse split, meaning for each 18 shares of RCON owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 55.5555555555556 share position following the split.
When a company such as Recon 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 Recon Technology stock split history from start to finish, an original position size of 1000 shares would have turned into 55.5555555555556 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Recon Technology shares, starting with a $10,000 purchase of RCON, presented on a split-history-adjusted basis factoring in the complete Recon Technology stock split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
05/06/2014 |
|
End date: |
05/02/2024 |
|
Start price/share: |
$74.16 |
|
End price/share: |
$1.80 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-97.57% |
|
Average Annual Total Return: |
-31.06% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$242.75 |
|
Years: |
10.00 |
|
|
|
Date |
Ratio |
05/01/2024 | 1 for 18 |
|
|