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TMN (TMN) has 3 splits in our TMN split history database. The first split for TMN took place on October 22, 1993. This was a 3 for 2 split, meaning for each 2 shares of TMN 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. TMN's second split took place on April 25, 1994. This was a 3 for 2 split, meaning for each 2 shares of TMN owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. TMN's third split took place on November 21, 1995. This was a 1 for 10 reverse split, meaning for each 10 shares of TMN owned pre-split, the shareholder now owned 1 share. For example, a 2250 share position pre-split, became a 225 share position following the split.
When a company such as TMN 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 TMN 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 TMN split history from start to finish, an original position size of 1000 shares would have turned into 225 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TMN shares, starting with a $10,000 purchase of TMN, presented on a split-history-adjusted basis factoring in the complete TMN split history.
TMN -- use the split history when considering split-adjusted past price performance.
|Owns and markets a charge card offering savings to the Company's card members on dining as well as lodging travel retail catalogues and long distance telephone calls. According to our TMN split history records, TMN has had 3 splits.|
|TMN Split History Table|
|10/22/1993||3 for 2|
|04/25/1994||3 for 2|
|11/21/1995||1 for 10|
|Technology Stock Splits|
|TMN is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|