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Prgx Global (PRGX) has 1 split in our PRGX split history database. The split for PRGX took place on August 18, 1999. This was a 3 for 2 split, meaning for each 2 shares of PRGX owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split.
When a company such as Prgx Global 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 PRGX split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Prgx Global shares, starting with a $10,000 purchase of PRGX, presented on a split-history-adjusted basis factoring in the complete PRGX split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-0.18%|
|About Prgx Global|
|PRGX Global is engaged in recovery audit and spend analytics, services designed to improve its clients' source-to-pay business processes. Co. also provides supplier information management, data transformation and associated advisory services to a similar client base. Co.'s segments are: the Recovery Audit Services - Americas, which represents recovery audit services it provides in the U.S., Canada and Latin America; the Recovery Audit Services - Europe/Asia-Pacific, which represents recovery audit services it provides in Europe, Asia and the Pacific region; and Adjacent Services, which includes its software-as-a-service and advisory analytics solutions provided to clients in any country. According to our PRGX split history records, Prgx Global has had 1 split.|
|PRGX Split History Table|
|08/18/1999||3 for 2|
|Industrials Stock Splits|
|PRGX is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: PRGX shares outstanding history