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 Video: What is a Stock Split?
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| American Lorain is a food manufacturing company. Co. develops, manufactures and sells chestnut products, convenience foods (including ready-to-cook (RTC) foods, ready-to-eat (RTE) foods, and frozen food products. Co.'s chestnut products include its frozen chestnuts. The majority of Co.'s chestnut products do not contain chemical additives. Co.'s convenience food products are characterized as follows: RTC food products, which can be served after a few cooking procedures; RTE food products, which can be served without any cooking. Co. produces a range of frozen foods, mostly frozen vegetables and frozen fruits. According to our ALN split history records, ALN has had 1 split. | |
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ALN (ALN) has 1 split in our ALN split history database. The split for ALN took place on October 19, 1993. This was a 2 for 1
split, meaning for each share of ALN owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as ALN 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 ALN split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ALN shares, starting with a $10,000 purchase of ALN, presented on a split-history-adjusted basis factoring in the complete ALN split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/10/2014 |
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| End date: |
09/28/2018 |
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| Start price/share: |
$1.23 |
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| End price/share: |
$0.14 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-88.62% |
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| Average Annual Total Return: |
-42.16% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$1,137.83 |
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| Years: |
3.97 |
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| Date |
Ratio |
| 10/19/1993 | 2 for 1
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