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Cumulus Media (CMLS) has 1 split in our CMLS split history database. The split for CMLS took place on October 13, 2016. This was a 1 for 8 reverse split, meaning for each 8 shares of CMLS owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split.
When a company such as Cumulus Media 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 CMLS split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cumulus Media shares, starting with a $10,000 purchase of CMLS, presented on a split-history-adjusted basis factoring in the complete CMLS split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-13.03%|
|About Cumulus Media|
|Cumulus Media is a holding company. Through its subsidiaries, Co. is a media and entertainment company. Co. engages listeners with local programming through owned and operated stations across several markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from brands including the NFL, the NCAA, the Masters, the Olympics, the American Country Music Awards, and various partners across affiliated stations through Westwood One. Co. provides advertisers with local impact and national reach through on-air, digital, mobile, and voice-activated media solutions, as well as access to integrated digital marketing services, influencers, and live event experiences. According to our CMLS split history records, Cumulus Media has had 1 split.|
|CMLS Split History Table|
|10/13/2016||1 for 8|
|Services Stock Splits|
|CMLS is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:|