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Video: What is a Stock Split?
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iMedia Brands is an interactive media company that owns a portfolio of entertainment, consumer brands and media commerce services businesses. Co. operates in three segments, which are Entertainment, which is comprised of its television networks, ShopHQ, ShopBulldogTV, ShopHQHealth, ShopJewelryHQ and 1-2-3.tv; Consumer Brands, which is comprised of Christopher & Banks, J.W. Hulme Company, Cooking with Shaquille O'Neal , OurGalleria.com and TheCloseout.com, that are primarily ecommerce within the U.S; and Media Commerce Services, which is comprised of iMedia Digital Services (iMDS), Float Left (FL) and i3PL, that service homes throughout the U.S. and Canada. According to our IMBI split history records, IMBI has had 1 split. | |
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IMBI (IMBI) has 1 split in our IMBI split history database. The split for IMBI took place on December 12, 2019. This was a 1 for 10 reverse split, meaning for each 10 shares of IMBI 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 IMBI 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 IMBI 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 IMBI shares, starting with a $10,000 purchase of IMBI, presented on a split-history-adjusted basis factoring in the complete IMBI split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
07/07/2023 |
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Start price/share: |
$46.40 |
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End price/share: |
$0.11 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-99.76% |
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Average Annual Total Return: |
-48.18% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$23.71 |
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Years: |
9.19 |
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Date |
Ratio |
12/12/2019 | 1 for 10 |
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