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support.com (SPRT) has 1 split in our SPRT split history database. The split for SPRT took place on January 20, 2017. This was a 1 for 3 reverse split, meaning for each 3 shares of SPRT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split.
When a company such as support.com 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 SPRT split history from start to finish, an original position size of 1000 shares would have turned into 333.333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into support.com shares, starting with a $10,000 purchase of SPRT, presented on a split-history-adjusted basis factoring in the complete SPRT split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-12.50%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-12.79%|
|Support.com is a provider of tech support and support center services, producer of SUPERAntiSpyware® anti-malware products, and Support.com® software. Co. provides outsourced support services for service providers, retailers and technology companies. Co.'s technology support services programs are designed for consumer and small and medium business markets, and include computer and mobile device set-up, security and support, virus and malware removal, wireless network set-up, and home security and automation system support. Co.'s Support.com Cloud is a software-as-a-service solution for companies to support interactions with their customers using their own or third-party support personnel. According to our SPRT split history records, support.com has had 1 split.|
|SPRT Split History Table|
|01/20/2017||1 for 3|
|Technology Stock Splits|
|SPRT is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: SPRT shares outstanding history