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Video: What is a Stock Split?
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Cosmos Health is a pharmaceutical wholesaler. Co. imports, exports and distributes pharmaceutical products of brand-name and generic pharmaceuticals, over-the-counter medicines, and a variety of dietary and vitamin supplements. Most of Co.'s business derives from purchasing and reselling branded pharmaceutical products. Co.'s sales force targets mainly wholesale distributors and other healthcare providers. Co. sells its products principally through independent wholesale distributors, but it also sells directly to other healthcare providers such as; clinics, government agencies, independent retail and pharmacies and independent distributors. According to our COSM split history records, Cosmos Health has had 1 split. | |
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Cosmos Health (COSM) has 1 split in our COSM split history database. The split for COSM took place on November 20, 2017. This was a 1 for 10 reverse split, meaning for each 10 shares of COSM owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Cosmos Health conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the COSM split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Cosmos Health shares, starting with a $10,000 purchase of COSM, presented on a split-history-adjusted basis factoring in the complete COSM split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/24/2014 |
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End date: |
04/22/2024 |
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Start price/share: |
$11.20 |
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End price/share: |
$0.49 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-95.62% |
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Average Annual Total Return: |
-26.85% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$438.30 |
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Years: |
10.00 |
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Date |
Ratio |
11/20/2017 | 1 for 10 |
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