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AXX (AXX) has 1 split in our AXX split history database. The split for AXX took place on March 04, 2010. This was a 1 for 2 reverse split, meaning for each 2 shares of AXX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split.
When a company such as AXX 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 AXX split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AXX shares, starting with a $10,000 purchase of AXX, presented on a split-history-adjusted basis factoring in the complete AXX split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-36.85%|
|Alderon Resource is a development stage company and is engaged in the business of acquiring, exploring and evaluating mineral resource properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. According to our AXX split history records, AXX has had 1 split.|
|AXX Split History Table|
|03/04/2010||1 for 2|
|Technology Stock Splits|
|AXX is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|