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 Video: What is a Stock Split?
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| Corinthian Colleges is a post-secondary education company. As of June 30 2013, Co. had a student enrollment of 81,284 and operated 97 schools in 25 states, and 14 schools in the province of Ontario, Canada. Co. provides a variety of diploma programs and associate, bachelor's and master's degrees. Co.'s training program areas include healthcare, criminal justice, business, mechanical, trades, and information technology. Co. also operates Heald College, an iinstitution that prepares students for careers in healthcare, business, legal, information technology and other fields, primarily through associate degree programs. As of June 30 2013, Heald College operated 12 campuses. According to our COCO split history records, COCO has had 3 splits. | |
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COCO (COCO) has 3 splits in our COCO split history database. The first split for COCO took place on December 18, 2000. This was a 2 for 1 split, meaning for each share of COCO 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. COCO's second split took place on May 28, 2002. This was a 2 for 1 split, meaning for each share of COCO owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. COCO's third split took place on March 24, 2004. This was a 2 for 1 split, meaning for each share of COCO owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as COCO 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 COCO split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into COCO shares, starting with a $10,000 purchase of COCO, presented on a split-history-adjusted basis factoring in the complete COCO split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/15/2008 |
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| End date: |
02/13/2015 |
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| Start price/share: |
$14.74 |
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| End price/share: |
$0.02 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-99.86% |
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| Average Annual Total Return: |
-65.72% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13.57 |
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| Years: |
6.17 |
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| Date |
Ratio |
| 12/18/2000 | 2 for 1 | | 05/28/2002 | 2 for 1 | | 03/24/2004 | 2 for 1 |
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