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Video: What is a Stock Split?
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Secoo Holding is a holding company. Through its consolidated subsidiaries, variable interest entities and variable interest entities' subsidiaries, Co. is primarily engaged in the sale of upscale brand products including handbags, watches, jewelry and other lifestyle products through its own internet platforms and offline experience centers. Co. also provides its website as a marketplace to third party merchants to facilitate their sales of upscale products and services. Co.'s principal operations and geographic markets are mainly in the People's Republic of China. According to our Secoo Holding Limited - American Depositary Shares stock split history records, Secoo Holding Limited - American Depositary Shares has had 1 split. | |
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Secoo Holding Limited - American Depositary Shares (SECO) has 1 split in our Secoo Holding Limited - American Depositary Shares stock split history database. The split for SECO took place on November 28, 2022. This was a 1 for 10 reverse split, meaning for each 10 shares of SECO owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Secoo Holding Limited - American Depositary Shares 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 Secoo Holding Limited - American Depositary Shares stock split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Secoo Holding Limited - American Depositary Shares shares, starting with a $10,000 purchase of SECO, presented on a split-history-adjusted basis factoring in the complete Secoo Holding Limited - American Depositary Shares stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
09/25/2017 |
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End date: |
04/23/2024 |
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Start price/share: |
$107.50 |
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End price/share: |
$0.41 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.61% |
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Average Annual Total Return: |
-57.04% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$38.48 |
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Years: |
6.58 |
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Date |
Ratio |
11/28/2022 | 1 for 10 |
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