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NGH (NGH) has 3 splits in our NGH split history database. The first split for NGH took place on June 18, 1985. This was a 5 for 2 split, meaning for each 2 shares of NGH owned pre-split, the shareholder now owned 5 shares. For example, a 1000 share position pre-split, became a 2500 share position following the split. NGH's second split took place on May 01, 1989. This was a 4 for 1 split, meaning for each share of NGH owned pre-split, the shareholder now owned 4 shares. For example, a 2500 share position pre-split, became a 10000 share position following the split. NGH's third split took place on April 13, 1995. This was a 1 for 5 reverse split, meaning for each 5 shares of NGH owned pre-split, the shareholder now owned 1 share. For example, a 10000 share position pre-split, became a 2000 share position following the split.
When a company such as NGH 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 NGH 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 NGH split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NGH shares, starting with a $10,000 purchase of NGH, presented on a split-history-adjusted basis factoring in the complete NGH split history.
NGH -- use the split history when considering split-adjusted past price performance.
|Through its operating subsidiaries, the company is a manufacturer and marketer of cookies and crackers throughout the United States and the world. According to our NGH split history records, NGH has had 3 splits.|
|NGH Split History Table|
|06/18/1985||5 for 2|
|05/01/1989||4 for 1|
|04/13/1995||1 for 5|
|Technology Stock Splits|
|NGH is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|