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Westell Technologies (WSTL) has 2 splits in our WSTL split history database. The first split for WSTL took place on June 10, 1996. This was a 2 for 1 split, meaning for each share of WSTL 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. WSTL's second split took place on June 08, 2017. This was a 1 for 4 reverse split, meaning for each 4 shares of WSTL owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 500 share position following the split.
When a company such as Westell Technologies 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 Westell Technologies 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 WSTL split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Westell Technologies shares, starting with a $10,000 purchase of WSTL, presented on a split-history-adjusted basis factoring in the complete WSTL split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-18.21%|
|About Westell Technologies|
|Westell Technologies is a holding company. Through its subsidiary, Co. designs and distributes telecommunications products. Co.'s segments are: In-Building Wireless, which enable cellular coverage in stadiums, arenas, malls, and other indoor areas; Intelligent Site Management, which provide machine-to-machine communications that enable operators to remotely monitor, manage, and control physical site infrastructure and support systems; and Communications Network Solutions, which include an outdoor network infrastructure offerings consisting of integrated cabinets, power distribution products, copper and fiber connectivity panels, T1 network interface units, and tower mounted amplifiers. According to our WSTL split history records, Westell Technologies has had 2 splits.|
|WSTL Split History Table|
|06/10/1996||2 for 1|
|06/08/2017||1 for 4|
|Technology Stock Splits|
|WSTL is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: WSTL shares outstanding history