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TravelCenters of America (TA) has 1 split in our TA split history database. The split for TA took place on August 01, 2019. This was a 1 for 5 reverse split, meaning for each 5 shares of TA owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as TravelCenters of America 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 TA split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TravelCenters of America shares, starting with a $10,000 purchase of TA, presented on a split-history-adjusted basis factoring in the complete TA split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-3.75%|
|About TravelCenters of America|
|TravelCenters of America is engaged in the operation and franchise of travel center and standalone restaurant locations. Co.'s business included travel centers in several states in the U.S., primarily along the U.S. interstate highway system, and the province of Ontario, Canada, operated primarily under the TravelCenters of America, TA, TA Express, Petro Stopping Centers and Petro brand names. Co.'s travel centers provides a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services such as truck repair and maintenance services, full service restaurants, quick service restaurants, and various customer amenities. According to our TA split history records, TravelCenters of America has had 1 split.|
|TA Split History Table|
|08/01/2019||1 for 5|
|Services Stock Splits|
|TA is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: TA shares outstanding history