|
Video: What is a Stock Split?
|
|
Xos is a newly blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. According to our Xos stock split history records, Xos has had 1 split. | |
|
Xos (XOS) has 1 split in our Xos stock split history database. The split for XOS took place on December 07, 2023. This was a 1 for 30 reverse split, meaning for each 30 shares of XOS 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 Xos 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 Xos 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 Xos shares, starting with a $10,000 purchase of XOS, presented on a split-history-adjusted basis factoring in the complete Xos stock split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
12/09/2020 |
|
End date: |
04/24/2024 |
|
Start price/share: |
$297.60 |
|
End price/share: |
$7.63 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-97.44% |
|
Average Annual Total Return: |
-66.25% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$256.48 |
|
Years: |
3.37 |
|
|
|
Date |
Ratio |
12/07/2023 | 1 for 30 |
|
|