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Video: What is a Stock Split?
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Stryve Foods is an snacking company which manufactures, markets and sells snacking products. Co. provides snacks that are lower in sugar and carbohydrates and higher in protein. Co.'s product portfolio consists primarily of air-dried meat snack products marketed under the Stryve®, Kalahari® Braaitime® and Vacadillos® brand names. According to our Stryve Foods stock split history records, Stryve Foods has had 2 splits. | |
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Stryve Foods (SNAX) has 2 splits in our Stryve Foods stock split history database. The first split for SNAX took place on August 19, 2010. This was a 1 for 70 reverse split, meaning for each 70 shares of SNAX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 14.2857142857143 share position following the split. SNAX's second split took place on July 14, 2023. This was a 1 for 15 reverse split, meaning for each 15 shares of SNAX owned pre-split, the shareholder now owned 1 share. For example, a 14.2857142857143 share position pre-split, became a 0.952380952380952 share position following the split.
When a company such as Stryve Foods 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 Stryve Foods stock split history from start to finish, an original position size of 1000 shares would have turned into 0.952380952380952 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Stryve Foods shares, starting with a $10,000 purchase of SNAX, presented on a split-history-adjusted basis factoring in the complete Stryve Foods stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/06/2019 |
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End date: |
05/03/2024 |
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Start price/share: |
$145.50 |
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End price/share: |
$1.49 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-98.98% |
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Average Annual Total Return: |
-58.84% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$102.34 |
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Years: |
5.16 |
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Date |
Ratio |
08/19/2010 | 1 for 70 | 07/14/2023 | 1 for 15 |
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