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 Video: What is a Stock Split?
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| MRV Communications designs, develops and sells products and services that enable its customers to build networks. Co. develops its products and services to meet the needs of telecommunications service providers and cable operators (collectively Service Providers), data center operators, government entities and enterprises, including the educational, financial, healthcare and equipment manufacturing segments in North, South and Central America, Europe, Middle East and Africa, and Asia Pacific. Co.'s products and services include: Optical Transport Products; Packet/Carrier Ethernet Products; Network Management; Infrastructure Management Products; and Out-of-band LX Series. According to our MRVC split history records, MRVC has had 3 splits. | |
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MRVC (MRVC) has 3 splits in our MRVC split history database. The first split for MRVC took place on April 03, 1996. This was a 3 for 2
split, meaning for each 2
shares of MRVC 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. MRVC's second split took place on August 01, 1996. This was a 2 for 1
split, meaning for each share of MRVC owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split. MRVC's third split took place on May 30, 2000. This was a 2 for 1
split, meaning for each share of MRVC owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split.
When a company such as MRVC 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 MRVC split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MRVC shares, starting with a $10,000 purchase of MRVC, presented on a split-history-adjusted basis factoring in the complete MRVC split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/28/2014 |
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| End date: |
08/14/2017 |
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| Start price/share: |
$12.49 |
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| End price/share: |
$9.98 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-20.10% |
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| Average Annual Total Return: |
-6.58% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$7,988.99 |
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| Years: |
3.30 |
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| Date |
Ratio |
| 04/03/1996 | 3 for 2
| | 08/01/1996 | 2 for 1
| | 05/30/2000 | 2 for 1
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