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 Video: What is a Stock Split?
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| Arden Group is a holding company. Co. conducts its operations through its subsidiary, Arden-Mayfair, Inc. (Arden-Mayfair) and Arden-Mayfair's wholly-owned subsidiary, Gelson's Markets (Gelson's), which operates supermarkets in Southern California. Co. also owns certain real estate properties through a subsidiary, Mayfair Realty, Inc. As of Dec 29 2012, Gelson's operated 17 supermarkets in Southern California, which carry both perishable and dry grocery products. Gelson's provides a range of local and national brands as well as a number of private label items. Additionally, selected Gelson's stores provide banking and pharmacy services through third parties. According to our ARDNA split history records, ARDNA has had 1 split. | |
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ARDNA (ARDNA) has 1 split in our ARDNA split history database. The split for ARDNA took place on July 16, 1998. This was a 4 for 1
split, meaning for each share of ARDNA owned pre-split, the shareholder now owned 4 shares. For example, a 1000 share position pre-split, became a 4000 share position following the split.
When a company such as ARDNA 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 ARDNA split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ARDNA shares, starting with a $10,000 purchase of ARDNA, presented on a split-history-adjusted basis factoring in the complete ARDNA split history.
ARDNA -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 07/16/1998 | 4 for 1
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