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Speedway Motorsports (TRK) has 1 split in our TRK split history database. The split for TRK took place on March 18, 1996. This was a 2 for 1 split, meaning for each share of TRK 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.
When a company such as Speedway Motorsports 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 TRK 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 Speedway Motorsports shares, starting with a $10,000 purchase of TRK, presented on a split-history-adjusted basis factoring in the complete TRK split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||4.41%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||3.68%|
|About Speedway Motorsports|
|Speedway Motorsports is a promoter, marketer and sponsor of motorsports activities. Co. owns and operates racing facilities. Co. also: provides souvenir merchandising, and food, beverage and hospitality catering services through its SMISC Holdings LLC (SMI Properties) subsidiaries; provides radio programming, production and distribution through its Performance Racing Network subsidiary; distributes wholesale and retail motorsports and other sports-related souvenir merchandise and apparel through its SMI Properties and SMI Trackside LLC subsidiaries; and manufactures and distributes smaller-scale racing cars and parts through its US Legend Cars International, Inc. subsidiary. According to our TRK split history records, Speedway Motorsports has had 1 split.|
|TRK Split History Table|
|03/18/1996||2 for 1|
|Services Stock Splits|
|TRK 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: TRK shares outstanding history