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 Video: What is a Stock Split?
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| Alcon is a medical specialty company focused on eye care. Co. operates through two business segments: Alcon U.S., which includes sales to unaffiliated customers located in the U.S., excluding Puerto Rico; and Alcon International, which includes sales to all other unaffiliated customers. Each business segment markets and sells products in three product categories: pharmaceutical (prescription drugs); surgical equipment and devices (cataract, vitreoretinal and refractive); and consumer eye care (contact lens disinfectants and cleaning solutions, artificial tears and ocular vitamins). Co. sells its products to eye care professionals as well as to the direct purchasers of its products. According to our ACL split history records, ACL has had 1 split. | |
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ACL (ACL) has 1 split in our ACL split history database. The split for ACL took place on March 03, 1998. This was a 3 for 1
split, meaning for each share of ACL 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.
When a company such as ACL 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.
Looking at the ACL split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ACL shares, starting with a $10,000 purchase of ACL, presented on a split-history-adjusted basis factoring in the complete ACL split history.
ACL -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 03/03/1998 | 3 for 1
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