Sep 05, 2006
1:10
For every 10 shares held, investors received 1.
The split itself did not change the total investment value.
Avis Budget Group, Inc. (GETTEX:CUCA) operates in the Finance/Rental/Leasing industry.
Avis Budget Group, Inc. company overviewAvis Budget Group, Inc.'s most recent stock split was on September 5, 2006. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
Avis Budget Group, Inc. (GETTEX:CUCA) has split its stock 8 times: a 3-for-2 split on March 19, 1985, a 3-for-2 split on July 21, 1986, a 3-for-2 split on March 1, 1991, a 3-for-2 split on July 6, 1992, a 3-for-2 split on May 3, 1993, a 3-for-2 split on July 3, 1995, a 3-for-2 split on October 22, 1996, and a 1-for-10 reverse split on September 5, 2006.
Avis Budget Group, Inc. has split its stock 8 times. This history records 8 splits between March 19, 1985 and September 5, 2006.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Avis Budget Group, Inc.'s 1-for-10 reverse split on September 5, 2006, every 10 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Avis Budget Group, Inc. has not announced a new split in our records. Its most recent split was on September 5, 2006, 20 years ago. Companies announce splits in advance, and any new GETTEX:CUCA split will appear on this page.