|Free Dividend Report|
|Stock Splits Calendar|
|XNY Stock Split History|
|Preferred Stock Newsletter|
|Top Option Ideas|
|Stock Message Boards|
XNY (XNY) has 2 splits in our XNY split history database. The first split for XNY took place on December 18, 2014. This was a 1 for 4 reverse split, meaning for each 4 shares of XNY owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split. XNY's second split took place on December 29, 2017. This was a 1 for 3 reverse split, meaning for each 3 shares of XNY owned pre-split, the shareholder now owned 1 share. For example, a 250 share position pre-split, became a 83.3333333333333 share position following the split.
When a company such as XNY 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 XNY split history from start to finish, an original position size of 1000 shares would have turned into 83.3333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into XNY shares, starting with a $10,000 purchase of XNY, presented on a split-history-adjusted basis factoring in the complete XNY split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-35.08%|
|2311 ,5611 According to our XNY split history records, XNY has had 2 splits.|
|XNY Split History Table|
|12/18/2014||1 for 4|
|12/29/2017||1 for 3|
|Consumer Stock Splits|
|XNY is categorized under the Consumer sector; below are some other companies in the same sector that also have a history of stock splits:|