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Video: What is a Stock Split?
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Science 37 Holdings is a newly organized blank check companyformed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. According to our Science 37 Holdings stock split history records, Science 37 Holdings has had 1 split. | |
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Science 37 Holdings (SNCE) has 1 split in our Science 37 Holdings stock split history database. The split for SNCE took place on December 08, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of SNCE owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.
When a company such as Science 37 Holdings 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 Science 37 Holdings stock split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Science 37 Holdings shares, starting with a $10,000 purchase of SNCE, presented on a split-history-adjusted basis factoring in the complete Science 37 Holdings stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/24/2020 |
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End date: |
03/12/2024 |
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Start price/share: |
$203.00 |
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End price/share: |
$5.75 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-97.17% |
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Average Annual Total Return: |
-66.09% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$283.15 |
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Years: |
3.30 |
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Date |
Ratio |
12/08/2023 | 1 for 20 |
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