 |
 Video: What is a Stock Split?
|
|
|
| Primus Guaranty is a holding company. Co. operates through its subsidiary, Primus Financial Products, LLC (Primus Financial). Primus Financial is a credit derivative product company that sells credit protection in the form of credit swaps primarily to financial institutions and credit swap dealers, against mainly investment grade credit obligations of corporate and sovereign issuers. Primus Asset Management, Inc., another subsidiary, acts as manager of the credit swap and cash investment portfolios of Primus Financial, and has entered into a services agreement with its affiliates, whereby it provides management, consulting and information technology services, among others, to its affiliates. According to our PRD split history records, PRD has had 1 split. | |
|
PRD (PRD) has 1 split in our PRD split history database. The split for PRD took place on June 29, 1987. This was a 2 for 1
split, meaning for each share of PRD 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.
When a company such as PRD 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 PRD split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PRD shares, starting with a $10,000 purchase of PRD, presented on a split-history-adjusted basis factoring in the complete PRD split history.
PRD -- use the split history when considering split-adjusted past price performance. |
|
| Date |
Ratio |
| 06/29/1987 | 2 for 1
|
|
|
Free PRD Email Alerts:
