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Live Ventures (LIVE) has 2 splits in our LIVE split history database. The first split for LIVE took place on February 12, 2014. This was a 3 for 1 split, meaning for each share of LIVE owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. LIVE's second split took place on December 08, 2016. This was a 1 for 6 reverse split, meaning for each 6 shares of LIVE owned pre-split, the shareholder now owned 1 share. For example, a 3000 share position pre-split, became a 500 share position following the split.
When a company such as Live Ventures 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 Live Ventures 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 LIVE split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Live Ventures shares, starting with a $10,000 purchase of LIVE, presented on a split-history-adjusted basis factoring in the complete LIVE split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||15.85%|
|About Live Ventures|
|Live Ventures is a holding company. Through its subsidiary, Marquis Industries, Inc., Co. is engaged in the manufacture and sale of carpet and the sale of vinyl and wood floorcoverings. With its subsidiaries, Vintage Stock Holdings LLC, Vintage Stock, V-Stock, Movie Trading Company and EntertainMart, Co. is engaged in the retail sale of new and used movies, music, collectibles, comics, books, games, game systems and components. With its subsidiaries, ApplianceSmart Affiliated Holdings LLC, ApplianceSmart Inc. and ApplianceSmart Contracting, Inc, Co. is engaged in the sale of new primary appliances through a chain of Co.-owned retail stores. According to our LIVE split history records, Live Ventures has had 2 splits.|
|LIVE Split History Table|
|02/12/2014||3 for 1|
|12/08/2016||1 for 6|
|Consumer Stock Splits|
|LIVE is categorized under the Consumer sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: LIVE shares outstanding history