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 Video: What is a Stock Split?
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| Provides global customized services to book retailers and publishers. It is a wholesaler of general interest books to the membership warehouse clubs certain specialty retailers certain e-commerce companies and traditional bookstores. According to our MKT split history records, MKT has had 1 split. | |
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MKT (MKT) has 1 split in our MKT split history database. The split for MKT took place on May 14, 2001. This was a 3 for 2 split, meaning for each 2 shares of MKT 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 MKT 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 MKT 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 MKT shares, starting with a $10,000 purchase of MKT, presented on a split-history-adjusted basis factoring in the complete MKT split history.
MKT -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 05/14/2001 | 3 for 2 |
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