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Video: What is a Stock Split?


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PGV split history picture
PGV (PGV) has 1 split in our PGV split history database. The split for PGV took place on November 17, 2008. This was a 1 for 20 reverse split, meaning for each 20 shares of PGV owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.

When a company such as PGV 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 PGV split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PGV shares, starting with a $10,000 purchase of PGV, presented on a split-history-adjusted basis factoring in the complete PGV split history. PGV split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 01/23/2008
End date: 10/08/2009
Start price/share: $22.40
End price/share: $1.65
Dividends collected/share: $0.00
Total return: -92.63%
Average Annual Total Return: -78.31%
Starting investment: $10,000.00
Ending investment: $736.37
Years: 1.71
Date Ratio
11/17/20081 for 20

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