|
Video: What is a Stock Split?
|
|
Pyxis Tankers is a holding company. Through its subsidiaries, Co. is engaged as an international maritime transportation company focused on the product tanker sector. Co.'s fleet is comprised of double hull product tankers, which are employed under a mix of spot and medium-term time charters. Some of the vessels in the fleet are medium range tankers and some are short-range tanker sister ships. Each of the vessels in the fleet has International Maritime Organization certifications and is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel and fuel oil, as well as other liquid bulk items, such as vegetable oils and organic chemicals. According to our Pyxis Tankers stock split history records, Pyxis Tankers has had 1 split. | |
|
Pyxis Tankers (PXS) has 1 split in our Pyxis Tankers stock split history database. The split for PXS took place on May 13, 2022. This was a 1 for 4 reverse split, meaning for each 4 shares of PXS 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.
When a company such as Pyxis Tankers 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 Pyxis Tankers stock split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Pyxis Tankers shares, starting with a $10,000 purchase of PXS, presented on a split-history-adjusted basis factoring in the complete Pyxis Tankers stock split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
11/05/2015 |
|
End date: |
05/02/2024 |
|
Start price/share: |
$12.22 |
|
End price/share: |
$4.66 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-61.87% |
|
Average Annual Total Return: |
-10.73% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$3,813.60 |
|
Years: |
8.49 |
|
|
|
Date |
Ratio |
05/13/2022 | 1 for 4 |
|
|