When a company such as MWN 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 MWN split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into MWN shares, starting with a $10,000 purchase of MWN, presented on a split-history-adjusted basis factoring in the complete MWN split history.
MWN -- use the split history when considering split-adjusted past price performance.

About MWN

Direxion Shares Exchange Traded Fund Trust - Daily Mid Cap Bear 3X Shares is an open-end manament investment company. The Fund seeks daily investment results, before fees and expenses that correspond to the Russell Midcap® Index. As of Oct 31 2015, the Fund's total assets were $12,510,607 and the Fund's investments portfolio was valued at $7,467,771. According to our MWN split history records, MWN has had 1 split.

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