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 Video: What is a Stock Split?
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| Netezza is a provider of data warehouse, analytic and monitoring appliances. Co.'s TwinFin¿ and Skimmer¿ data warehouse products integrate database, server and storage platforms in a purpose-built unit to enable queries and analyses on large volumes of stored data. Co. also provides its Mantra® database activity-monitoring appliance that provides a solution for the monitoring and auditing of access to this stored data. In addition, Co. provides its customers service and support for the deployment and ongoing use of its appliances such as maintenance, training and consulting services. According to our NZ split history records, NZ has had 4 splits. | |
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NZ (NZ) has 4 splits in our NZ split history database. The first split for NZ took place on June 13, 1996. This was a 11 for 10
split, meaning for each 10
shares of NZ 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. NZ's second split took place on June 12, 1997. This was a 11 for 10
split, meaning for each 10
shares of NZ owned pre-split, the shareholder now owned 11 shares. For example, a 1100 share position pre-split, became a 1210 share position following the split. NZ's third split took place on July 13, 1998. This was a 6 for 5
split, meaning for each 5
shares of NZ owned pre-split, the shareholder now owned 6 shares. For example, a 1210 share position pre-split, became a 1452 share position following the split. NZ's 4th split took place on January 19, 1999. This was a 3 for 2
split, meaning for each 2
shares of NZ owned pre-split, the shareholder now owned 3 shares. For example, a 1452 share position pre-split, became a 2178 share position following the split.
When a company such as NZ 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 NZ split history from start to finish, an original position size of 1000 shares would have turned into 2178 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NZ shares, starting with a $10,000 purchase of NZ, presented on a split-history-adjusted basis factoring in the complete NZ split history.
NZ -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 06/13/1996 | 11 for 10
| | 06/12/1997 | 11 for 10
| | 07/13/1998 | 6 for 5
| | 01/19/1999 | 3 for 2
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