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 Video: What is a Stock Split?
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| ArthroCare is a medical device company that develops, manufactures and markets surgical products, several of which are based on its Coblation® technology. Co.'s business consists of two main product areas: Sports Medicine, which focuses on the development, production and marketing of energy-based systems and fixation technologies used in the treatment of soft tissue injuries, primarily in shoulders, knees and hips; and Ear Nose and Throat (ENT), which focuses on the development, production and marketing of surgical products used in the treatment of conditions performed by ENT surgeons. In addition, Co. develops, produces and markets surgical products used in other procedures. According to our ARTC split history records, ARTC has had 1 split. | |
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ARTC (ARTC) has 1 split in our ARTC split history database. The split for ARTC took place on July 05, 2000. This was a 2 for 1
split, meaning for each share of ARTC 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 ARTC 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 ARTC 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 ARTC shares, starting with a $10,000 purchase of ARTC, presented on a split-history-adjusted basis factoring in the complete ARTC split history.
ARTC -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 07/05/2000 | 2 for 1
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