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MOVE (MOVE) has 1 split in our MOVE split history database. The split for MOVE took place on June 01, 1998. This was a 1 for 8 reverse split, meaning for each 8 shares of MOVE 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 MOVE 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 MOVE 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 MOVE shares, starting with a $10,000 purchase of MOVE, presented on a split-history-adjusted basis factoring in the complete MOVE split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||70.68%|
|Move and its subsidiaries operates an online network of web sites for real estate search, finance, moving and home enthusiasts and provides a resource for consumers seeking the online information and connections regarding real estate. Co.'s consumer web sites are realtor.com®, Move.com and Moving.com™. Co. also provides management software and marketing services for real estate agents and brokers through its Top Producer® and TigerLead® businesses. Through its ListHub™ business, Co. is also an online real estate listing syndicator and provider of performance reporting solutions for online advertising program for brokers, real estate franchises, and individual agents. According to our MOVE split history records, MOVE has had 1 split.|
|MOVE Split History Table|
|06/01/1998||1 for 8|
|Technology Stock Splits|
|MOVE is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|