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Video: What is a Stock Split?
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ContextLogic is a mobile ecommerce company that provides a shopping experience that is mobile-first and discovery-based, which connects merchants' products to users based on user preferences. Co. global ecommerce platform 'Wish' connects more than 100 million monthly active users ('MAUs') in over 100 countries to over 500,000 merchants offering approximately 150 million items. Co. helps merchants to reach customers, as well as enable users to personalize shopping and find the products. Co. serves customers worldwide. According to our ContextLogic stock split history records, ContextLogic has had 1 split. | |
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ContextLogic (WISH) has 1 split in our ContextLogic stock split history database. The split for WISH took place on April 12, 2023. This was a 1 for 30 reverse split, meaning for each 30 shares of WISH owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 33.3333333333333 share position following the split.
When a company such as ContextLogic 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 ContextLogic stock split history from start to finish, an original position size of 1000 shares would have turned into 33.3333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ContextLogic shares, starting with a $10,000 purchase of WISH, presented on a split-history-adjusted basis factoring in the complete ContextLogic stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
12/16/2020 |
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End date: |
04/17/2024 |
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Start price/share: |
$601.50 |
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End price/share: |
$4.96 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.18% |
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Average Annual Total Return: |
-76.28% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$82.50 |
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Years: |
3.33 |
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Date |
Ratio |
04/12/2023 | 1 for 30 |
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