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Video: What is a Stock Split?
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Lightning Emotors is a designer and manufacturer of zero-emission commercial trucks and buses and charging infrastructure solutions for fleets, enterprises, original equipment manufacturers, and governments. Co.'s product offerings range from cargo vans, transit and shuttle buses, school buses, specialty work trucks, ambulances and electric powertrains for school buses, transit buses and motorcoaches. Co. is a full-range manufacturer of Class three to seven zero-emission vehicles, or ZEVs in the U.S. providing end-to-end electrification solutions including analytics software and mobile charging solutions to its customers. According to our ZEV stock split history records, ZEV has had 1 split. | |
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ZEV (ZEV) has 1 split in our ZEV stock split history database. The split for ZEV took place on April 28, 2023. This was a 1 for 20 reverse split, meaning for each 20 shares of ZEV owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.
When a company such as ZEV 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 ZEV stock split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ZEV shares, starting with a $10,000 purchase of ZEV, presented on a split-history-adjusted basis factoring in the complete ZEV stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
07/06/2020 |
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End date: |
09/18/2023 |
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Start price/share: |
$196.00 |
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End price/share: |
$1.63 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.17% |
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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: |
$83.11 |
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Years: |
3.20 |
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Date |
Ratio |
04/28/2023 | 1 for 20 |
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