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Cinedigm (CIDM) has 1 split in our CIDM split history database. The split for CIDM took place on May 10, 2016. This was a 1 for 10 reverse split, meaning for each 10 shares of CIDM owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Cinedigm 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 CIDM split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cinedigm shares, starting with a $10,000 purchase of CIDM, presented on a split-history-adjusted basis factoring in the complete CIDM split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-29.13%|
|Cinedigm is a distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to several titles and episodes released across digital, physical, theatrical, home and mobile entertainment platforms, and a servicer of digital cinema assets (Systems) for movie screens. Co.'s segments are: Cinema Equipment Business, which provides financing vehicles and administrators for Systems installed; and Content and Entertainment Business, which collaborates with producers and other content owners to market, source, curate and distribute independent content to audiences in theatres and homes, and via mobile and other platforms. According to our CIDM split history records, Cinedigm has had 1 split.|
|CIDM Split History Table|
|05/10/2016||1 for 10|
|Services Stock Splits|
|CIDM is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: CIDM shares outstanding history