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Corrections Corporation of America is an owner of privatized correctional and detention facilities and a prison operator. Co. is engaged in owning, operating, and managing prisons and other correctional facilities and providing inmate residential, community re-entry, and prisoner transportation services for governmental agencies. Co.'s facilities provide a variety of rehabilitation and educational programs, including basic education, religious services, life skills and employment training and substance abuse treatment. Co. also provides or makes available to inmates health care (including medical, dental, and mental health services), food services, and work and recreational programs. According to our CXW split history records, Corrections of America has had 3 splits.
CXW split history picture
Corrections of America (CXW) has 3 splits in our CXW split history database. The first split for CXW took place on May 18, 2001. This was a 1 for 10 reverse split, meaning for each 10 shares of CXW owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 0 position following the split. CXW's second split took place on September 14, 2006. This was a 3 for 2 split, meaning for each 2 shares of CXW owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 position following the split. CXW's third split took place on July 09, 2007. This was a 2 for 1 split, meaning for each share of CXW owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 position following the split.

When a company such as Corrections of America splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as Corrections 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 CXW split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Corrections of America shares, starting with a $10,000 purchase of CXW, presented on a split-history-adjusted basis factoring in the complete CXW split history. CXW split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 12/21/2004
End date: 12/19/2014
Start price/share: $13.05
End price/share: $37.17
Starting shares: 766.28
Ending shares: 1,022.66
Dividends reinvested/share: $10.25
Total return: 280.12%
Average Annual Total Return: 14.29%
Starting investment: $10,000.00
Ending investment: $38,026.15
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 12/21/2004
End date: 12/19/2014
Start price/share: $13.05
End price/share: $37.17
Dividends collected/share: $10.25
Total return: 263.37%
Average Annual Total Return: 13.77%
Starting investment: $10,000.00
Ending investment: $36,331.02
Years: 10.00
Date Ratio
05/18/20011 for 10
09/14/20063 for 2
07/09/20072 for 1
CXW is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

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