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 Video: What is a Stock Split?
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| Covia Holdings is a holding company. Through its subsidiaries, Co. provides minerals-based and material solutions for the Industrial and Energy markets. Co.'s Industrial segment provides raw products to the glass, ceramics, coatings, polymers, construction, foundry, filtration, sports and recreation and various other industries. Co.'s Energy segment provides the oil and gas industry a portfolio of raw frac sand, proppants, well-cementing additives, gravel-packing media and drilling mud additives that meet or exceed the American Petroleum Institute standards. Co.'s products serve hydraulic fracturing operations in the United States, Canada, Argentina, Mexico, China, and northern Europe. According to our CVIA split history records, CVIA has had 1 split. | |
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CVIA (CVIA) has 1 split in our CVIA split history database. The split for CVIA took place on December 31, 1999. This was a 3 for 1
split, meaning for each share of CVIA owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split.
When a company such as CVIA 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 CVIA split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CVIA shares, starting with a $10,000 purchase of CVIA, presented on a split-history-adjusted basis factoring in the complete CVIA split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
06/04/2018 |
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| End date: |
06/30/2020 |
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| Start price/share: |
$24.05 |
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| End price/share: |
$0.48 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-98.00% |
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| Average Annual Total Return: |
-84.85% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$199.62 |
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| Years: |
2.07 |
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| Date |
Ratio |
| 12/31/1999 | 3 for 1
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