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BIR (BIR) has 2 splits in our BIR split history database. The first split for BIR took place on July 01, 1988. This was a 3 for 2 split, meaning for each 2 shares of BIR 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. BIR's second split took place on December 17, 1992. This was a 3 for 2 split, meaning for each 2 shares of BIR owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split.
When a company such as BIR 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 BIR split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BIR shares, starting with a $10,000 purchase of BIR, presented on a split-history-adjusted basis factoring in the complete BIR split history.
BIR -- use the split history when considering split-adjusted past price performance.
|Owns and operates mini-mill facilities and owns equity interests in scrap collection and processing operations. It produces a variety of steel products including semi-finished steel billets reinforcing bars and merchant products such as rounds and flats. According to our BIR split history records, BIR has had 2 splits.|
|BIR Split History Table|
|07/01/1988||3 for 2|
|12/17/1992||3 for 2|
|Energy Stock Splits|
|BIR is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:|