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Video: What is a Stock Split?
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The Company and its wholly owned subsidiaries are engaged in the information technology services industry in the strategic consulting business intelligence data warehousing and data management on credit to its customers. According to our CVN split history records, CVN has had 1 split. | |
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CVN (CVN) has 1 split in our CVN split history database. The split for CVN took place on September 21, 2005. This was a 1 for 15 reverse split, meaning for each 15 shares of CVN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split.
When a company such as CVN 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 CVN split history from start to finish, an original position size of 1000 shares would have turned into 66.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CVN shares, starting with a $10,000 purchase of CVN, presented on a split-history-adjusted basis factoring in the complete CVN split history.
CVN -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
09/21/2005 | 1 for 15 |
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