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 Video: What is a Stock Split?
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| Frozen Food Express Industries provides temperature-controlled truckload and less-than-truckload services with operations in the transport of temperature-controlled products and perishable goods including food, health care and other products. Transportation services are provided in over-the-road and intermodal modes for temperature-controlled truckload and less-than-truckload. Co. also provides brokerage and logistics services, including ocean, air, both domestic and international expedited services and oil field water delivery services. As of Dec 31 2011, Co. operated a fleet of 1,656 tractors, and maintained 3,388 trailers. According to our FFEX split history records, FFEX has had 4 splits. | |
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FFEX (FFEX) has 4 splits in our FFEX split history database. The first split for FFEX took place on November 12, 1993. This was a 4 for 3
split, meaning for each 3
shares of FFEX owned pre-split, the shareholder now owned 4 shares. For example, a 1000 share position pre-split, became a 1333.33333333333 share position following the split. FFEX's second split took place on March 06, 1995. This was a 4 for 3
split, meaning for each 3
shares of FFEX owned pre-split, the shareholder now owned 4 shares. For example, a 1333.33333333333 share position pre-split, became a 1777.77777777778 share position following the split. FFEX's third split took place on March 17, 1992. This was a 3 for 2 split, meaning for each 2 shares of FFEX owned pre-split, the shareholder now owned 3 shares. For example, a 1777.77777777778 share position pre-split, became a 2666.66666666667 share position following the split. FFEX's 4th split took place on October 23, 1992. This was a 4 for 3 split, meaning for each 3 shares of FFEX owned pre-split, the shareholder now owned 4 shares. For example, a 2666.66666666667 share position pre-split, became a 3555.55555555556 share position following the split.
When a company such as FFEX 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 FFEX split history from start to finish, an original position size of 1000 shares would have turned into 3555.55555555556 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FFEX shares, starting with a $10,000 purchase of FFEX, presented on a split-history-adjusted basis factoring in the complete FFEX split history.
FFEX -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 11/12/1993 | 4 for 3
| | 03/06/1995 | 4 for 3
| | 03/17/1992 | 3 for 2 | | 10/23/1992 | 4 for 3 |
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