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 Video: What is a Stock Split?
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| Planet Labs PBC is a provider of global, daily satellite imagery and geospatial solutions. Co. designs, builds, and operates the earth observation fleet of imaging satellites. Co. provides mission-critical data, advanced insights, and software solutions to over 1,000 customers, comprising the agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to derive value from satellite imagery. Its satellite data and analytics reveal actionable insights regarding important phenomena, such as deforestation, agriculture, climate change, biodiversity, and supply chains worldwide. According to our PL split history records, Planet Labs PBC has had 2 splits. | |
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Planet Labs PBC (PL) has 2 splits in our PL split history database. The first split for PL took place on June 02, 1995. This was a 2 for 1
split, meaning for each share of PL 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. PL's second split took place on April 02, 1998. This was a 2 for 1
split, meaning for each share of PL 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.
When a company such as Planet Labs PBC 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 PL split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Planet Labs PBC shares, starting with a $10,000 purchase of PL, presented on a split-history-adjusted basis factoring in the complete PL split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/27/2021 |
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| End date: |
12/09/2024 |
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| Start price/share: |
$9.92 |
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| End price/share: |
$4.04 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-59.27% |
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| Average Annual Total Return: |
-21.97% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$4,071.74 |
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| Years: |
3.62 |
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| Date |
Ratio |
| 06/02/1995 | 2 for 1
| | 04/02/1998 | 2 for 1
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