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 Video: What is a Stock Split?
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| Maxcom Telecomunicaciones is engaged in the construction and operation of a telephone network, voice over IP, local, national and international long-distance telephony services, public telephony, data transfer services, internet, pay TV, virtual private network services and other value-added services, within Mexico. The Company also provides mobile telephony services as a virtual mobile network operator. According to our MXT split history records, MXT has had 2 splits. | |
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MXT (MXT) has 2 splits in our MXT split history database. The first split for MXT took place on June 16, 1999. This was a 2 for 1
split, meaning for each share of MXT owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. MXT's second split took place on June 16, 2000. This was a 3 for 2
split, meaning for each 2
shares of MXT owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 3000 share position following the split.
When a company such as MXT 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 MXT split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MXT shares, starting with a $10,000 purchase of MXT, presented on a split-history-adjusted basis factoring in the complete MXT split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
11/13/2014 |
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| Start price/share: |
$1.73 |
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| End price/share: |
$1.14 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-34.10% |
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| Annualized Gain: |
-60.72% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$6,590.00 |
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| Years: |
0.56 |
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| Date |
Ratio |
| 06/16/1999 | 2 for 1
| | 06/16/2000 | 3 for 2
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