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AMCN (AMCN) has 1 split in our AMCN split history database. The split for AMCN took place on April 11, 2019. This was a 1 for 5 reverse split, meaning for each 5 shares of AMCN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as AMCN 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 AMCN split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AMCN shares, starting with a $10,000 purchase of AMCN, presented on a split-history-adjusted basis factoring in the complete AMCN split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-30.56%|
|AirNet Technology operates digital media network in China dedicated to air travel advertising. Co. operates its digital frames in airports, digital TV screens in airports and digital TV screens on airplanes in China. Co. also hold contractual concession rights to place advertisements on gate bridges located in seven major airports in China; these advertisements include billboard advertisements and painted advertisements on the interior and exterior walls of gate bridges. In addition, Co. hold contractual concession rights to operate light boxes and billboards in Beijing Capital International Airport, Shenzhen International Airport and Wenzhou Yongqiang Airport. According to our AMCN split history records, AMCN has had 1 split.|
|AMCN Split History Table|
|04/11/2019||1 for 5|
|Services Stock Splits|
|AMCN is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:|