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 Video: What is a Stock Split?
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| CardConnect is a blank check company. According to our CCN split history records, CCN has had 4 splits. | |
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CCN (CCN) has 4 splits in our CCN split history database. The first split for CCN took place on March 18, 1997. This was a 103 for 100
split, meaning for each 100
shares of CCN owned pre-split, the shareholder now owned 103 shares. For example, a 1000 share position pre-split, became a 1030 share position following the split. CCN's second split took place on March 18, 1998. This was a 103 for 100
split, meaning for each 100
shares of CCN owned pre-split, the shareholder now owned 103 shares. For example, a 1030 share position pre-split, became a 1060.9 share position following the split. CCN's third split took place on March 16, 1999. This was a 103 for 100
split, meaning for each 100
shares of CCN owned pre-split, the shareholder now owned 103 shares. For example, a 1060.9 share position pre-split, became a 1092.727 share position following the split. CCN's 4th split took place on March 29, 2000. This was a 103 for 100
split, meaning for each 100
shares of CCN owned pre-split, the shareholder now owned 103 shares. For example, a 1092.727 share position pre-split, became a 1125.50881 share position following the split.
When a company such as CCN 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 CCN split history from start to finish, an original position size of 1000 shares would have turned into 1125.50881 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CCN shares, starting with a $10,000 purchase of CCN, presented on a split-history-adjusted basis factoring in the complete CCN split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/27/2015 |
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| End date: |
07/06/2017 |
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| Start price/share: |
$9.70 |
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| End price/share: |
$15.05 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
55.15% |
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| Average Annual Total Return: |
22.16% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$15,515.56 |
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| Years: |
2.19 |
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| Date |
Ratio |
| 03/18/1997 | 103 for 100
| | 03/18/1998 | 103 for 100
| | 03/16/1999 | 103 for 100
| | 03/29/2000 | 103 for 100
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