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 Video: What is a Stock Split?
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| The Company is responsible for the design manufacture and sourcing of its apparel brands both owned and under license across fashion directions price points and distribution channels. According to our HMX split history records, HMX has had 1 split. | |
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HMX (HMX) has 1 split in our HMX split history database. The split for HMX took place on May 16, 1986. This was a 3 for 2
split, meaning for each 2
shares of HMX 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 HMX 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 HMX 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 HMX shares, starting with a $10,000 purchase of HMX, presented on a split-history-adjusted basis factoring in the complete HMX split history.
HMX -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 05/16/1986 | 3 for 2
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