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PLI (PLI) has 1 split in our PLI split history database. The split for PLI took place on May 25, 1995. This was a 1 for 15 reverse split, meaning for each 15 shares of PLI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split.
When a company such as PLI 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 PLI split history from start to finish, an original position size of 1000 shares would have turned into 66.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PLI shares, starting with a $10,000 purchase of PLI, presented on a split-history-adjusted basis factoring in the complete PLI split history.
PLI -- use the split history when considering split-adjusted past price performance.
|The Company designs manufactures and markets heat exchange products and temperature control parts for the automotive and light truck aftermarket. According to our PLI split history records, PLI has had 1 split.|
|PLI Split History Table|
|05/25/1995||1 for 15|
|Healthcare Stock Splits|
|PLI is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:|