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ShiftPixy (PIXY) has 1 split in our PIXY split history database. The split for PIXY took place on December 16, 2019. This was a 1 for 40 reverse split, meaning for each 40 shares of PIXY owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 25 share position following the split.
When a company such as ShiftPixy 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 PIXY split history from start to finish, an original position size of 1000 shares would have turned into 25 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ShiftPixy shares, starting with a $10,000 purchase of PIXY, presented on a split-history-adjusted basis factoring in the complete PIXY split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-69.36%|
|ShiftPixy is a staffing service provider that provides solutions for part-time workforce demands, primarily in the restaurant and hospitality service trades. Co. and its wholly-owned subsidiary, ReThink Human Capital Management, Inc., function as employment administrative services providers including services such as administrative and processing services, performing functions in the nature of a payroll processor, human resources consultant, administrator of workers' compensation coverages and claims and provider of workers' compensation coverage written in the names of Co.'s clients. Co. has built a human resources information systems platform to assist in customer acquisition. According to our PIXY split history records, ShiftPixy has had 1 split.|
|PIXY Split History Table|
|12/16/2019||1 for 40|
|Industrials Stock Splits|
|PIXY is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: PIXY shares outstanding history