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Video: What is a Stock Split?
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TIAN RUIXIANG Holdings is holding company. Through its subsidiaries, Co. operates as a broker to sell insurance products in the People's Republic of China. Co. distributes a range of insurance products, which has two main groups: property and casualty insurance; and life insurance. Co.'s main property and casualty insurance products are automobile insurance and liability insurance. Co. also provides individual accidental insurance and commercial property insurance products. The life insurance products Co. distributes into various categories, such as Individual Whole Life Insurance, Individual Term Life Insurance, Group Life Insurance, and Individual Endowment Life Insurance. According to our TIAN RUIXIANG Holdings stock split history records, TIAN RUIXIANG Holdings has had 1 split. | |
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TIAN RUIXIANG Holdings (TIRX) has 1 split in our TIAN RUIXIANG Holdings stock split history database. The split for TIRX took place on November 16, 2022. This was a 1 for 5 reverse split, meaning for each 5 shares of TIRX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as TIAN RUIXIANG 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 TIAN RUIXIANG Holdings stock split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TIAN RUIXIANG Holdings shares, starting with a $10,000 purchase of TIRX, presented on a split-history-adjusted basis factoring in the complete TIAN RUIXIANG Holdings stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
01/29/2021 |
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End date: |
04/26/2024 |
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Start price/share: |
$63.45 |
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End price/share: |
$0.50 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.21% |
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Average Annual Total Return: |
-77.59% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$78.80 |
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Years: |
3.24 |
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Date |
Ratio |
11/16/2022 | 1 for 5 |
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