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Video: What is a Stock Split?
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Abacus Life is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Co.'s primary focus is to acquire and operate a business in the energy industry in North America. According to our ABL split history records, Abacus Life has had 1 split. | |
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Abacus Life (ABL) has 1 split in our ABL split history database. The split for ABL took place on July 12, 1994. This was a 2 for 1
split, meaning for each share of ABL owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Abacus Life 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.
Looking at the ABL split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Abacus Life shares, starting with a $10,000 purchase of ABL, presented on a split-history-adjusted basis factoring in the complete ABL split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
09/15/2020 |
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End date: |
10/04/2024 |
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Start price/share: |
$9.70 |
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End price/share: |
$9.70 |
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Dividends collected/share: |
$0.00 |
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Total return: |
0.00% |
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Average Annual Total Return: |
0.00% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$10,000.00 |
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Years: |
4.05 |
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Date |
Ratio |
07/12/1994 | 2 for 1
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