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TWER (TWER) has 1 split in our TWER split history database. The split for TWER took place on July 07, 2016. This was a 1 for 20 reverse split, meaning for each 20 shares of TWER owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.
When a company such as TWER 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 TWER split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TWER shares, starting with a $10,000 purchase of TWER, presented on a split-history-adjusted basis factoring in the complete TWER split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-41.62%|
|Towerstream is primarily a provider of fixed wireless services to businesses in urban markets across the U.S. Co.'s business activities are focused on delivering fixed wireless broadband services to commercial customers over a wireless network transmitting over both licensed and unlicensed radio spectrum. Co.'s fixed wireless service supports bandwidth on demand, wireless redundancy, virtual private networks, disaster recovery, bundled data and video services. Co. provides services to business customers in New York City, Boston, Chicago, Los Angeles, San Francisco, Seattle, Miami, Dallas-Fort Worth, Houston, Philadelphia, Las Vegas-Reno and Providence-Newport. According to our TWER split history records, TWER has had 1 split.|
|TWER Split History Table|
|07/07/2016||1 for 20|
|Technology Stock Splits|
|TWER is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|