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Video: What is a Stock Split?
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Meiwu Technology is a holding company. Through its subsidiaries, Co. is an online and mobile commerce company and conducts its business through its online retail store on its Website. Co. sells a myriad of food products on its Website. Co. is providing its customers with non-genetically modified food products through its portfolio of suppliers. The food products/commodities sold on its Website are categorized into green food, organic food, intangible cultural heritage food products, agricultural products bearing geographical indications and pollution-free products (genetically modified products excepted). According to our Meiwu Technology stock split history records, Meiwu Technology has had 1 split. | |
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Meiwu Technology (WNW) has 1 split in our Meiwu Technology stock split history database. The split for WNW took place on December 20, 2023. This was a 1 for 35 reverse split, meaning for each 35 shares of WNW owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 28.5714285714286 share position following the split.
When a company such as Meiwu Technology 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 Meiwu Technology stock split history from start to finish, an original position size of 1000 shares would have turned into 28.5714285714286 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Meiwu Technology shares, starting with a $10,000 purchase of WNW, presented on a split-history-adjusted basis factoring in the complete Meiwu Technology 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: |
04/22/2024 |
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Start price/share: |
$2,278.50 |
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End price/share: |
$1.10 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.95% |
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Average Annual Total Return: |
-89.78% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$4.83 |
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Years: |
3.35 |
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Date |
Ratio |
12/20/2023 | 1 for 35 |
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