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Dave (DAVE) has 1 split in our DAVE split history database. The split for DAVE took place on January 06, 2023. This was a 1 for 32 reverse split, meaning for each 32 shares of DAVE owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 31.25 share position following the split.
When a company such as Dave 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 DAVE split history from start to finish, an original position size of 1000 shares would have turned into 31.25 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Dave shares, starting with a $10,000 purchase of DAVE, presented on a split-history-adjusted basis factoring in the complete DAVE split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-93.27%|
|VPC Impact Acquisition Holdings III is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. According to our DAVE split history records, Dave has had 1 split.|
|DAVE Split History Table|
|01/06/2023||1 for 32|
|Services Stock Splits|
|DAVE is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
DDE Split History
Also explore: DAVE shares outstanding history
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