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Innodata (INOD) has 4 splits in our INOD split history database. The first split for INOD took place on March 25, 1998. This was a 1 for 3 reverse split, meaning for each 3 shares of INOD owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split. INOD's second split took place on September 10, 1999. This was a 3 for 1 split, meaning for each share of INOD owned pre-split, the shareholder now owned 3 shares. For example, a 333.333333333333 share position pre-split, became a 1000 share position following the split. INOD's third split took place on December 04, 2000. This was a 2 for 1 split, meaning for each share of INOD owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. INOD's 4th split took place on March 26, 2001. This was a 2 for 1 split, meaning for each share of INOD owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as Innodata 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. When a company such as Innodata 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 INOD split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Innodata shares, starting with a $10,000 purchase of INOD, presented on a split-history-adjusted basis factoring in the complete INOD split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-13.61%|
|Innodata is a digital services and technology company. Co.'s segments include: Digital Data Solutions, which engages in combining deep neural networks and human knowledge in multiple domains (including health, science, and law) to make unstructured information useable; Synodex, which enables clients in the insurance and healthcare sectors to transform medical records into useable digital data and to apply technologies to the digital data to augment decision support; and Agility Public Relations (PR) Solutions, which provides tools and related services that enable PR and communications personnel to discover influencers, amplify messages, monitor coverage, and measure the impact of campaigns. According to our INOD split history records, Innodata has had 4 splits.|
|INOD Split History Table|
|03/25/1998||1 for 3|
|09/10/1999||3 for 1|
|12/04/2000||2 for 1|
|03/26/2001||2 for 1|
|Technology Stock Splits|
|INOD 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: INOD shares outstanding history