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Video: What is a Stock Split?
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Sarcos Technology & Robotics is a newly incorporated blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. According to our STRC stock split history records, STRC has had 1 split. | |
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STRC (STRC) has 1 split in our STRC stock split history database. The split for STRC took place on July 06, 2023. This was a 1 for 6 reverse split, meaning for each 6 shares of STRC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 166.666666666667 share position following the split.
When a company such as STRC 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 STRC stock split history from start to finish, an original position size of 1000 shares would have turned into 166.666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into STRC shares, starting with a $10,000 purchase of STRC, presented on a split-history-adjusted basis factoring in the complete STRC stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
09/28/2021 |
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End date: |
04/05/2024 |
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Start price/share: |
$53.70 |
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End price/share: |
$2.46 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-95.42% |
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Average Annual Total Return: |
-70.57% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$458.21 |
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Years: |
2.52 |
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Date |
Ratio |
07/06/2023 | 1 for 6 |
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