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 Video: What is a Stock Split?
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| Edify Acquisition 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 EAC split history records, EAC has had 1 split. | |
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EAC (EAC) has 1 split in our EAC split history database. The split for EAC took place on July 13, 2005. This was a 3 for 2 split, meaning for each 2 shares of EAC 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.
When a company such as EAC 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 EAC split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into EAC shares, starting with a $10,000 purchase of EAC, presented on a split-history-adjusted basis factoring in the complete EAC split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
03/01/2021 |
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| End date: |
03/11/2024 |
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| Start price/share: |
$9.96 |
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| End price/share: |
$10.65 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
6.93% |
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| Average Annual Total Return: |
2.24% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,693.65 |
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| Years: |
3.03 |
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| Date |
Ratio |
| 07/13/2005 | 3 for 2 |
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