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 Video: What is a Stock Split?
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| An oilfield service company principally involved in providing geophysical services worldwide. It also provides a range of geophysical and reservoir services including seismic data acquisition processing and interpretation and field evaluation. According to our PGS split history records, PGS has had 2 splits. | |
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PGS (PGS) has 2 splits in our PGS split history database. The first split for PGS took place on June 16, 2005. This was a 3 for 1 split, meaning for each share of PGS 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. PGS's second split took place on December 26, 2006. This was a 3 for 1 split, meaning for each share of PGS owned pre-split, the shareholder now owned 3 shares. For example, a 3000 share position pre-split, became a 9000 share position following the split.
When a company such as PGS 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 PGS split history from start to finish, an original position size of 1000 shares would have turned into 9000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PGS shares, starting with a $10,000 purchase of PGS, presented on a split-history-adjusted basis factoring in the complete PGS split history.
PGS -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 06/16/2005 | 3 for 1 | | 12/26/2006 | 3 for 1 |
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