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Video: What is a Stock Split?
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Qwest is a communications company engaged in providing an array of communications services to its residential and business customers. Co.'s communications services include local voice, Internet, private line, network access, Ethernet, information technology, video, wireless and other services. Co. also provides local access and fiber transport services to competitive local exchange carriers. Co. categorizes its products and services in three categories: strategic services, legacy services and affiliates and other services. Co. provides its services in Arizona, Colorado, Idaho, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington and Wyoming. According to our CTX split history records, CTX has had 4 splits. | |
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CTX (CTX) has 4 splits in our CTX split history database. The first split for CTX took place on September 01, 1992. This was a 2 for 1
split, meaning for each share of CTX owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. CTX's second split took place on March 02, 1998. This was a 2 for 1
split, meaning for each share of CTX owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. CTX's third split took place on March 15, 2004. This was a 2 for 1 split, meaning for each share of CTX owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split. CTX's 4th split took place on July 24, 2006.
When a company such as CTX 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 CTX split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CTX shares, starting with a $10,000 purchase of CTX, presented on a split-history-adjusted basis factoring in the complete CTX split history.
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Date |
Ratio |
09/01/1992 | 2 for 1
| 03/02/1998 | 2 for 1
| 03/15/2004 | 2 for 1 | 07/24/2006 | 1 for 1 |
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