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Video: What is a Stock Split?
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Mawson Infrastructure Group a clinical-stage biopharmaceutical company focused on the treatment of ophthalmic disorders, including dry eye syndrome (DES). Co. has in-licensed certain rights to purchase, market, sell and distribute a formula known as LO2A, a drug developed for the treatment of DES, and other ophthalmological illnesses, including Conjunctivochalasis (CCH) and Sjogren's syndrome (Sjogren's). LO2A is registered and marketed by its inventor in Germany and Switzerland for the treatment of DES, in Hungary for the treatment of DES, CCH and ophthalmological symptoms of Sjogren's and in the Netherlands for the treatment of DES and protection from dry eye as a result of Sjogren's. According to our MIGI split history records, Mawson Infrastructure Group has had 3 splits. | |
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Mawson Infrastructure Group (MIGI) has 3 splits in our MIGI split history database. The first split for MIGI took place on December 17, 1998. This was a 11 for 10
split, meaning for each 10
shares of MIGI owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. MIGI's second split took place on December 22, 1999. This was a 110 for 100
split, meaning for each 100
shares of MIGI owned pre-split, the shareholder now owned 110 shares. For example, a 1100 share position pre-split, became a 1210 share position following the split. MIGI's third split took place on February 09, 2023. This was a 1 for 6 reverse split, meaning for each 6 shares of MIGI owned pre-split, the shareholder now owned 1 share. For example, a 1210 share position pre-split, became a 201.666666666667 share position following the split.
When a company such as Mawson Infrastructure Group 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. When a company such as Mawson Infrastructure Group 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 MIGI split history from start to finish, an original position size of 1000 shares would have turned into 201.666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Mawson Infrastructure Group shares, starting with a $10,000 purchase of MIGI, presented on a split-history-adjusted basis factoring in the complete MIGI split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/24/2014 |
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End date: |
04/22/2024 |
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Start price/share: |
$11.10 |
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End price/share: |
$1.57 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-85.86% |
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Average Annual Total Return: |
-17.76% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$1,414.49 |
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Years: |
10.00 |
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Date |
Ratio |
12/17/1998 | 11 for 10
| 12/22/1999 | 110 for 100
| 02/09/2023 | 1 for 6 |
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