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Video: What is a Stock Split?
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A global retailer of value-priced fashion accessories and jewelry for pre-teens and teenagers as well as young adults. According to our CLE split history records, CLE has had 3 splits. | |
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CLE (CLE) has 3 splits in our CLE split history database. The first split for CLE took place on February 22, 1996. This was a 3 for 2
split, meaning for each 2
shares of CLE owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. CLE's second split took place on September 13, 1996. This was a 3 for 2
split, meaning for each 2
shares of CLE owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. CLE's third split took place on December 22, 2003. This was a 2 for 1 split, meaning for each share of CLE owned pre-split, the shareholder now owned 2 shares. For example, a 2250 share position pre-split, became a 4500 share position following the split.
When a company such as CLE 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 CLE split history from start to finish, an original position size of 1000 shares would have turned into 4500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CLE shares, starting with a $10,000 purchase of CLE, presented on a split-history-adjusted basis factoring in the complete CLE split history.
CLE -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
02/22/1996 | 3 for 2
| 09/13/1996 | 3 for 2
| 12/22/2003 | 2 for 1 |
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