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Video: What is a Stock Split?
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Volcon is an all-electric, off-road powersports vehicle company. Co. is engaged in developing and building electric two and four-wheel motorcycles and utility terrain vehicles (UTVs), also known as side-by-sides along with a line of upgrades and accessories. Co. is building and testing prototypes for its offerings with two off-road motorcycles; the Grunt, an electric off-road motorcycle with design features and capabilities; and the Runt, shares the styling of the Grunt, but it is sized for seven to 14-year-olds. According to our Volcon stock split history records, Volcon has had 2 splits. | |
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Volcon (VLCN) has 2 splits in our Volcon stock split history database. The first split for VLCN took place on October 16, 2023. This was a 1 for 5 reverse split, meaning for each 5 shares of VLCN 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. VLCN's second split took place on February 05, 2024. This was a 1 for 45 reverse split, meaning for each 45 shares of VLCN owned pre-split, the shareholder now owned 1 share. For example, a 200 share position pre-split, became a 4.44444444444444 share position following the split.
When a company such as Volcon 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 Volcon stock split history from start to finish, an original position size of 1000 shares would have turned into 4.44444444444444 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Volcon shares, starting with a $10,000 purchase of VLCN, presented on a split-history-adjusted basis factoring in the complete Volcon stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
10/07/2021 |
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End date: |
04/29/2024 |
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Start price/share: |
$1,957.50 |
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End price/share: |
$0.26 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.99% |
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Average Annual Total Return: |
-96.93% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$1.33 |
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Years: |
2.56 |
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Date |
Ratio |
10/16/2023 | 1 for 5 | 02/05/2024 | 1 for 45 |
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