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 Video: What is a Stock Split?
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| Forest Road is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. According to our FRX split history records, FRX has had 4 splits. | |
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FRX (FRX) has 4 splits in our FRX split history database. The first split for FRX took place on March 01, 1991. This was a 2 for 1
split, meaning for each share of FRX 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. FRX's second split took place on March 26, 1998. This was a 2 for 1
split, meaning for each share of FRX 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. FRX's third split took place on January 12, 2001. This was a 2 for 1 split, meaning for each share of FRX 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. FRX's 4th split took place on January 09, 2003. This was a 2 for 1 split, meaning for each share of FRX owned pre-split, the shareholder now owned 2 shares. For example, a 8000 share position pre-split, became a 16000 share position following the split.
When a company such as FRX 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 FRX split history from start to finish, an original position size of 1000 shares would have turned into 16000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FRX shares, starting with a $10,000 purchase of FRX, presented on a split-history-adjusted basis factoring in the complete FRX split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/19/2021 |
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| End date: |
06/25/2021 |
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| Start price/share: |
$10.46 |
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| End price/share: |
$12.00 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
14.72% |
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| Annualized Gain: |
34.45% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,472.00 |
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| Years: |
0.43 |
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| Date |
Ratio |
| 03/01/1991 | 2 for 1
| | 03/26/1998 | 2 for 1
| | 01/12/2001 | 2 for 1 | | 01/09/2003 | 2 for 1 |
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