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COI (COI) has 1 split in our COI split history database. The split for COI took place on March 24, 2005. This was a 1 for 20 reverse split, meaning for each 20 shares of COI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.
When a company such as COI 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 COI split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into COI shares, starting with a $10,000 purchase of COI, presented on a split-history-adjusted basis factoring in the complete COI split history.
COI -- use the split history when considering split-adjusted past price performance.
|Provides high-speed Internet access and Internet Protocol communications services to small and medium-sized businesses communications service providers and other bandwidth-intensive organizations. According to our COI split history records, COI has had 1 split.|
|COI Split History Table|
|03/24/2005||1 for 20|