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|ELON Stock Split History|
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ELON (ELON) has 1 split in our ELON split history database. The split for ELON took place on December 08, 2015. This was a 1 for 10 reverse split, meaning for each 10 shares of ELON 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 ELON 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 ELON 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 ELON shares, starting with a $10,000 purchase of ELON, presented on a split-history-adjusted basis factoring in the complete ELON split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-23.90%|
|Echelon is developing control networking platforms for Industrial Internet of Things (IIoT) applications and delivering elements needed to design, install, monitor and control communities of devices. Co. IzoT platform provides a migration path to the emerging IIoT for devices while ensuring compatibility with new devices connecting to the same network. Co. also provides the Lumewave application by its connected lighting platform. Co.'s outdoor lighting control product portfolio includes transceivers, outdoor lighting controllers, motion sensors, SmartServer segment controller, power line/radio frequency bridge, wireless and ethernet gateways, and management software, among others. According to our ELON split history records, ELON has had 1 split.|
|ELON Split History Table|
|12/08/2015||1 for 10|
|Technology Stock Splits|
|ELON is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: ELON shares outstanding history