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Professional Diversity Network (IPDN) has 1 split in our IPDN split history database. The split for IPDN took place on September 27, 2016. This was a 1 for 8 reverse split, meaning for each 8 shares of IPDN 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 Professional Diversity Network 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 IPDN 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 Professional Diversity Network shares, starting with a $10,000 purchase of IPDN, presented on a split-history-adjusted basis factoring in the complete IPDN split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-45.35%|
|About Professional Diversity Network|
|Professional Diversity Network is a holding company. Through its subsidiaries, Co. provides career consultation services. Co. operates in three business segments: Professional Diversity Network, which includes online networking communities with career resources tailored to the needs of various cultural groups and employers looking to hire members of such groups; National Association of Professional Women, a women-only networking organization; and China operations, which focuses on providing tools, products and services in China which will assist women, students and business personnel in personal and other development. According to our IPDN split history records, Professional Diversity Network has had 1 split.|
|IPDN Split History Table|
|09/27/2016||1 for 8|
|Technology Stock Splits|
|IPDN 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: IPDN shares outstanding history