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 Video: What is a Stock Split?
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| Points International provides ecommerce and technology services to loyalty program operators using a common infrastructure. The ecommerce services provided include the retailing and wholesaling of loyalty program currencies, ecommerce products that enhance either the loyalty program's consumer offering or its back-end operations, and management of an online consumer-focused loyalty points management web-portal. According to our PCOM split history records, Points International has had 3 splits. | |
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Points International (PCOM) has 3 splits in our PCOM split history database. The first split for PCOM took place on October 30, 1995. This was a 2 for 1
split, meaning for each share of PCOM 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. PCOM's second split took place on September 26, 1997. This was a 2 for 1
split, meaning for each share of PCOM owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. PCOM's third split took place on February 28, 2008. This was a 3 for 1 split, meaning for each share of PCOM owned pre-split, the shareholder now owned 3 shares. For example, a 4000 share position pre-split, became a 12000 share position following the split.
When a company such as Points International 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 PCOM split history from start to finish, an original position size of 1000 shares would have turned into 12000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Points International shares, starting with a $10,000 purchase of PCOM, presented on a split-history-adjusted basis factoring in the complete PCOM split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/14/2011 |
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| End date: |
04/13/2021 |
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| Start price/share: |
$10.25 |
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| End price/share: |
$15.16 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
47.90% |
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| Average Annual Total Return: |
3.99% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$14,791.39 |
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| Years: |
10.01 |
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| Date |
Ratio |
| 10/30/1995 | 2 for 1
| | 09/26/1997 | 2 for 1
| | 02/28/2008 | 3 for 1 |
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