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Video: What is a Stock Split?
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Class Acceleration 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. According to our CLAS split history records, CLAS has had 1 split. | |
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CLAS (CLAS) has 1 split in our CLAS split history database. The split for CLAS took place on October 30, 2003. This was a 11 for 10 split, meaning for each 10 shares of CLAS owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split.
When a company such as CLAS 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 CLAS split history from start to finish, an original position size of 1000 shares would have turned into 1100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CLAS shares, starting with a $10,000 purchase of CLAS, presented on a split-history-adjusted basis factoring in the complete CLAS split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/09/2021 |
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End date: |
12/29/2022 |
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Start price/share: |
$9.80 |
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End price/share: |
$10.17 |
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Dividends collected/share: |
$0.00 |
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Total return: |
3.78% |
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Average Annual Total Return: |
2.07% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$10,377.43 |
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Years: |
1.81 |
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Date |
Ratio |
10/30/2003 | 11 for 10 |
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