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Video: What is a Stock Split?
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Prairie Operating is a producer of pop culture live multimedia conventions across the United States. These live multimedia conventions provide a social networking and entertainment venue for enthusiasts of movies, TV shows, video games, technology, toys, social networking/gaming, comic books, anime, and graphic novels. Co. holds a limited and passive interest in CONtv, a digital network devoted to fans of pop culture entertainment. Co. produces several digital media properties, including, but not limited to, its website www.wizardworld.com, emails, newsletters, together with posts on Facebook, YouTube, Twitter and Instagram. According to our PROP split history records, Prairie Operating has had 1 split. | |
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Prairie Operating (PROP) has 1 split in our PROP split history database. The split for PROP took place on August 31, 2012. This was a 1 for 50 reverse split, meaning for each 50 shares of PROP owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 20 share position following the split.
When a company such as Prairie Operating conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the PROP split history from start to finish, an original position size of 1000 shares would have turned into 20 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Prairie Operating shares, starting with a $10,000 purchase of PROP, presented on a split-history-adjusted basis factoring in the complete PROP split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$0.58 |
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End price/share: |
$14.28 |
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Dividends collected/share: |
$0.00 |
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Total return: |
2,362.07% |
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Average Annual Total Return: |
37.76% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$246,167.85 |
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Years: |
10.00 |
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Date |
Ratio |
08/31/2012 | 1 for 50 |
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