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 Video: What is a Stock Split?
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| Principally engaged as a provider of new and used Avaya Inc. ('Avaya') business telecommunications parts complete systems and services. According to our FTG split history records, FTG has had 1 split. | |
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FTG (FTG) has 1 split in our FTG split history database. The split for FTG took place on August 14, 1996. This was a 1 for 10
reverse split, meaning for each 10
shares of FTG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as FTG 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 FTG split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FTG shares, starting with a $10,000 purchase of FTG, presented on a split-history-adjusted basis factoring in the complete FTG split history.
FTG -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 08/14/1996 | 1 for 10
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