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 Video: What is a Stock Split?
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| A specialty pharmaceutical company which is engaged in the development manufacture and marketing of generic and proprietary pharmaceuticals. According to our BRL split history records, BRL has had 5 splits. | |
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BRL (BRL) has 5 splits in our BRL split history database. The first split for BRL took place on March 26, 1996. This was a 3 for 2
split, meaning for each 2
shares of BRL owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. BRL's second split took place on May 08, 1997. This was a 3 for 2
split, meaning for each 2
shares of BRL owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. BRL's third split took place on June 29, 2000. This was a 3 for 2
split, meaning for each 2
shares of BRL owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. BRL's 4th split took place on March 18, 2003. This was a 3 for 2 split, meaning for each 2 shares of BRL owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split. BRL's 5th split took place on March 16, 2004. This was a 3 for 2 split, meaning for each 2 shares of BRL owned pre-split, the shareholder now owned 3 shares. For example, a 5062.5 share position pre-split, became a 7593.75 share position following the split.
When a company such as BRL 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 BRL split history from start to finish, an original position size of 1000 shares would have turned into 7593.75 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BRL shares, starting with a $10,000 purchase of BRL, presented on a split-history-adjusted basis factoring in the complete BRL split history.
BRL -- use the split history when considering split-adjusted past price performance. |
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| Date |
Ratio |
| 03/26/1996 | 3 for 2
| | 05/08/1997 | 3 for 2
| | 06/29/2000 | 3 for 2
| | 03/18/2003 | 3 for 2 | | 03/16/2004 | 3 for 2 |
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