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|PNK Stock Split History|
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PNK (PNK) has 2 splits in our PNK split history database. The first split for PNK took place on January 03, 1992. This was a 2 for 1 split, meaning for each share of PNK owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. PNK's second split took place on June 02, 1993. This was a 5 for 4 split, meaning for each 4 shares of PNK owned pre-split, the shareholder now owned 5 shares. For example, a 2000 share position pre-split, became a 2500 share position following the split.
When a company such as PNK 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.
Looking at the PNK split history from start to finish, an original position size of 1000 shares would have turned into 2500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PNK shares, starting with a $10,000 purchase of PNK, presented on a split-history-adjusted basis factoring in the complete PNK split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||14.76%|
|Pinnacle Entertainment is an owner, operator and developer of casinos and related hospitality and entertainment businesses. Co. owns and operates 16 gaming, hospitality and entertainment businesses in Ohio, Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, and Pennsylvania. Co. also holds a majority interest in the racing license owner, and Co. is a party to a management contract, for Retama Park Racetrack located outside of San Antonio, TX. Additionally, Co. owns and operates a live and televised poker tournament series under the trade name Heartland Poker Tour. According to our PNK split history records, PNK has had 2 splits.|
|PNK Split History Table|
|01/03/1992||2 for 1|
|06/02/1993||5 for 4|
|Services Stock Splits|
|PNK is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: PNK shares outstanding history