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Video: What is a Stock Split?
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StoneX Group operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a blend of digital platforms, end-to-end clearing and execution services, high touch service and deep capability. Co. provides trade execution services to its clients via both high-touch service and electronically through a variety of technology platforms that connects them to markets across the globe. In addition, Co. provides clearing on primary futures exchanges globally. Co. also provides advisory services and high-touch trade execution across various financial markets, including commodities, foreign currencies and interest rates. According to our SNEX split history records, Stonex Group has had 1 split. | |
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Stonex Group (SNEX) has 1 split in our SNEX split history database. The split for SNEX took place on November 27, 2023. This was a 3 for 2 split, meaning for each 2 shares of SNEX owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split.
When a company such as Stonex Group 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 SNEX split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Stonex Group shares, starting with a $10,000 purchase of SNEX, presented on a split-history-adjusted basis factoring in the complete SNEX split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/31/2014 |
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End date: |
03/27/2024 |
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Start price/share: |
$12.54 |
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End price/share: |
$69.34 |
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Dividends collected/share: |
$0.00 |
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Total return: |
452.95% |
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Average Annual Total Return: |
18.66% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$55,314.61 |
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Years: |
10.00 |
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Date |
Ratio |
11/27/2023 | 3 for 2 |
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