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Video: What is a Stock Split?
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Live Ventures is a holding company. Through its subsidiaries, Co. focuses on acquisitions of domestic companies. Co.'s segments are: Retail, Flooring Manufacturing, Steel Manufacturing, and Corporate and Other. The Retail segment includes Co.'s subsidiary, Vintage Stock, Inc., which engages in the retail sale of new and used movies, music, collectibles and others. The Flooring Manufacturing segment includes Co.'s subsidiary, Marquis Industries, Inc., which manufactures and sells carpet, vinyl and wood floorcoverings. The Steel Manufacturing Segment includes Co.'s subsidiary, Precision Industries, Inc., which manufactures and sells alloy and steel plates, ground flat stock and drill rods. According to our Live Ventures stock split history records, Live Ventures has had 2 splits. | |
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Live Ventures (LIVE) has 2 splits in our Live Ventures stock split history database. The first split for LIVE took place on February 12, 2014. This was a 3 for 1 split, meaning for each share of LIVE owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split. LIVE's second split took place on December 08, 2016. This was a 1 for 6 reverse split, meaning for each 6 shares of LIVE owned pre-split, the shareholder now owned 1 share. For example, a 3000 share position pre-split, became a 500 share position following the split.
When a company such as Live Ventures 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 Live Ventures 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 Live Ventures stock 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 Live Ventures shares, starting with a $10,000 purchase of LIVE, presented on a split-history-adjusted basis factoring in the complete Live Ventures stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
04/19/2024 |
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Start price/share: |
$28.80 |
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End price/share: |
$25.45 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-11.63% |
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Average Annual Total Return: |
-1.23% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$8,835.89 |
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Years: |
10.00 |
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Date |
Ratio |
02/12/2014 | 3 for 1 | 12/08/2016 | 1 for 6 |
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