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 Video: What is a Stock Split?
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| Hertz Global Holdings, Inc. is a holding company. Co. is engaged in the business of renting vehicles primarily through its Hertz, Dollar and Thrifty brands. It operates through two segments: Americas RAC and International RAC. Americas RAC segment provides rental of vehicles, as well as sales of vehicles and value-added services, in the U.S., Canada, Latin America and the Caribbean. The International RAC segment provides rental and leasing of vehicles, as well as sales of value-added services in locations other than the U.S., Canada, Latin America and the Caribbean. It also owns and operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business. According to our HTZ split history records, Hertz Global Holdings has had 1 split. | |
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Hertz Global Holdings (HTZ) has 1 split in our HTZ split history database. The split for HTZ took place on June 21, 2019. This was a 1151 for 1000 split, meaning for each 1000 shares of HTZ owned pre-split, the shareholder now owned 1151 shares. For example, a 1000 share position pre-split, became a 1151 share position following the split.
When a company such as Hertz Global Holdings 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 HTZ split history from start to finish, an original position size of 1000 shares would have turned into 1151 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Hertz Global Holdings shares, starting with a $10,000 purchase of HTZ, presented on a split-history-adjusted basis factoring in the complete HTZ split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
07/02/2021 |
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| End date: |
02/10/2025 |
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| Start price/share: |
$23.96 |
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| End price/share: |
$4.46 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-81.39% |
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| Average Annual Total Return: |
-37.20% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$1,861.60 |
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| Years: |
3.61 |
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| Date |
Ratio |
| 06/21/2019 | 1151 for 1000 |
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