Split History
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NEWL (NEWL) has 5 splits in our NEWL split history database. The first split for NEWL took place on October 17, 2013. This was a 1 for 15 reverse split, meaning for each 15 shares of NEWL owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split. NEWL's second split took place on December 06, 2013. This was a 1 for 3 reverse split, meaning for each 3 shares of NEWL owned pre-split, the shareholder now owned 1 share. For example, a 66.6666666666667 share position pre-split, became a 22.2222222222222 share position following the split. NEWL's third split took place on March 06, 2014. This was a 1 for 10 reverse split, meaning for each 10 shares of NEWL owned pre-split, the shareholder now owned 1 share. For example, a 22.2222222222222 share position pre-split, became a 2.22222222222222 share position following the split. NEWL's 4th split took place on May 15, 2014. This was a 1 for 50 reverse split, meaning for each 50 shares of NEWL owned pre-split, the shareholder now owned 1 share. For example, a 2.22222222222222 share position pre-split, became a 0.0444444444444444 share position following the split. NEWL's 5th split took place on July 15, 2014. This was a 1 for 50 reverse split, meaning for each 50 shares of NEWL owned pre-split, the shareholder now owned 1 share. For example, a 0.0444444444444444 share position pre-split, became a 0.000888888888888889 share position following the split.
When a company such as NEWL 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 NEWL split history from start to finish, an original position size of 1000 shares would have turned into 0.000888888888888889 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NEWL shares, starting with a $10,000 purchase of NEWL, presented on a split-history-adjusted basis factoring in the complete NEWL split history.
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/22/2014 | |
| End date: | 06/05/2015 | |
| Start price/share: | $525.00 | |
| End price/share: | $0.01 | |
| Dividends collected/share: | $0.00 | |
| Total return: | -100.00% | |
| Average Annual Total Return: | -99.99% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $0.33 | |
| Years: | 1.12 | |
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| About NEWL |
| NewLead Holdings is an international shipping and commodity company. Co. is engaged in the transportation of refined products, such as gasoline and jet fuel, and dry bulk goods, such as iron ore, coal and grain. Co. owns a fleet of two dry bulk carriers with a combined carrying capacity of approximately 0.15 million dwt and manages two double-hulled oil tanker/asphalt carriers. Also, Co. recently entered in the business of purchasing, trading and transporting coal, through certain joint ventures; as well as agreements for the ownership of certain title and mineral excavation rights to land in Kentucky, as well as rights, title, permits and leases in coal mines in Tennessee. According to our NEWL split history records, NEWL has had 5 splits. |
| NEWL Split History Table | |
| Date | Ratio |
| 10/17/2013 | 1 for 15 |
| 12/06/2013 | 1 for 3 |
| 03/06/2014 | 1 for 10 |
| 05/15/2014 | 1 for 50 |
| 07/15/2014 | 1 for 50 |
| Industrials Stock Splits |
| NEWL is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
NEWT Split History
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