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Video: What is a Stock Split?

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Engaged in offshore contract drilling of oil and gas wells for independent and major oil and gas companies. Operations are conducted in the U.S. Gulf of Mexico and internationally. According to our MRL stock split history records, MRL has had 1 split.
MRL stock split history picture
MRL (MRL) has 1 split in our MRL stock split history database. The split for MRL took place on October 30, 1992. This was a 1 for 20 reverse split, meaning for each 20 shares of MRL 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 MRL 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 MRL stock 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 MRL shares, starting with a $10,000 purchase of MRL, presented on a split-history-adjusted basis factoring in the complete MRL stock split history. MRL split adjusted history picture
MRL -- use the split history when considering split-adjusted past price performance.

Date Ratio
10/30/19921 for 20

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