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Video: What is a Stock Split?
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Coastal Contacts is engaged in retailing contact lenses, eyeglasses and related vision care products sold primarily through its internet sites. Co. has customers in North America, Europe and the Asia Pacific region. According to our COA split history records, COA has had 1 split. | |
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COA (COA) has 1 split in our COA split history database. The split for COA took place on August 29, 1996. This was a 2 for 1
split, meaning for each share of COA 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 COA 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 COA 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 COA shares, starting with a $10,000 purchase of COA, presented on a split-history-adjusted basis factoring in the complete COA split history.
COA -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
08/29/1996 | 2 for 1
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