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MobileIron (MOBL) has 1 split in our MOBL split history database. The split for MOBL took place on November 19, 2001. This was a 1 for 200 reverse split, meaning for each 200 shares of MOBL owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 5 share position following the split.
When a company such as MobileIron 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 MOBL split history from start to finish, an original position size of 1000 shares would have turned into 5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MobileIron shares, starting with a $10,000 purchase of MOBL, presented on a split-history-adjusted basis factoring in the complete MOBL split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-14.83%|
|MobileIron provides a purpose-built mobile information technology platform. Co.'s customers can deploy MobileIron as either a cloud service or on-premises software. They can choose subscription or perpetual licensing. Co. primarily targets midsize and large enterprises around the world across a range of industries including financial services, government, healthcare, legal, manufacturing, other services, retail, technology, and telecommunications. Co.'s security platform includes: MobileIron unified endpoint management; MobileIron Access; MobileIron Threat Defense; and MobileIron Secure Applications for End-user Productivity. According to our MOBL split history records, MobileIron has had 1 split.|
|MOBL Split History Table|
|11/19/2001||1 for 200|
|Technology Stock Splits|
|MOBL 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: MOBL shares outstanding history