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 Video: What is a Stock Split?
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| Principal activity of the Group is that of a holding company with subsidiaries providing a range of advertising and marketing services on a worldwide basis. According to our CDA split history records, CDA has had 1 split. | |
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CDA (CDA) has 1 split in our CDA split history database. The split for CDA took place on June 15, 1992. This was a 1 for 10
reverse split, meaning for each 10
shares of CDA owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as CDA 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 CDA split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CDA shares, starting with a $10,000 purchase of CDA, presented on a split-history-adjusted basis factoring in the complete CDA split history.
CDA -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 06/15/1992 | 1 for 10
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