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Navistar International (NAV) has 1 split in our NAV split history database. The split for NAV took place on July 01, 1993. This was a 1 for 10 reverse split, meaning for each 10 shares of NAV owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Navistar International 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 NAV split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Navistar International shares, starting with a $10,000 purchase of NAV, presented on a split-history-adjusted basis factoring in the complete NAV split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-10.76%|
|About Navistar International|
|Navistar International is a holding company. Through its subsidiaries, Co. is a manufacturer of International® brand commercial trucks, proprietary diesel engines, and IC Bus® (IC) brand school and commercial buses. Co.'s segments include: Truck, which manufactures and distributes trucks and buses along with production of proprietary engines; Parts, which provides proprietary products to support the International commercial truck, IC Bus, proprietary engine lines, and export parts business; and Global Operations, which consists of the operations of its subsidiary, International Industria Automotiva da America do Sul Ltda that manufactures and distributes mid-range diesel engines. According to our NAV split history records, Navistar International has had 1 split.|
|NAV Split History Table|
|07/01/1993||1 for 10|
|Consumer Stock Splits|
|NAV 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: NAV shares outstanding history