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 Video: What is a Stock Split?
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| Pure Storage, Inc. is a data storage and management company. Co. is focused on delivering a disruptive data storage platform, which supports a range of structured and unstructured data, at scale and across any data workload in hybrid and public cloud environments, and includes mission-critical production, test and development, analytics, disaster recovery, backup and restore, artificial intelligence (AI) and machine learning. Its integrated hardware systems include FlashArray and FlashBlade. Its cloud-native storage includes Portworx by Pure Storage and Portworx Data Services. According to our P split history records, Everpure has had 2 splits. | |
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Everpure (P) has 2 splits in our P split history database. The first split for P took place on July 05, 1985. This was a 3 for 1
split, meaning for each share of P owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. P's second split took place on February 01, 2019. This was a 144 for 100 split, meaning for each 100 shares of P owned pre-split, the shareholder now owned 144 shares. For example, a 3000 share position pre-split, became a 4320 share position following the split.
When a company such as Everpure 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 P split history from start to finish, an original position size of 1000 shares would have turned into 4320 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Everpure shares, starting with a $10,000 purchase of P, presented on a split-history-adjusted basis factoring in the complete P split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
06/20/2016 |
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| End date: |
06/16/2026 |
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| Start price/share: |
$7.20 |
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| End price/share: |
$73.26 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
917.50% |
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| Average Annual Total Return: |
26.13% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$101,772.75 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 07/05/1985 | 3 for 1
| | 02/01/2019 | 144 for 100 |
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